Inflation quickens on fuel price rise

This means on average general prices of goods and service in Botswana have risen by 7.1 percent between September last year and last month.  According to figures released by Statistics Botswana this week, three group categories recorded significant increases as the annual inflation rose by 0.5 percentage points sailing further away from the Bank of Botswana (BoB) 3-6 percent objective:

"The Transport group index registered an increase of 2.6 percent, from 159.9 in August to 164.2 in September.This was due to a rise in the constituent section index of operation of personal transport, which went up by 4.4 percent. The increase in operation of personal transport section index was attributed to the rise in retail pump prices for petrol and diesel by P0.50 per litre each, which was effected on September 17, 2012."