Inflation reaches 8-year high

Inflation reaches 8-year high PIC: BASHI KIKIA
Inflation reaches 8-year high PIC: BASHI KIKIA

Figures released by Statistics Botswana today show that inflation in April reached 5.6%, the highest since July 2013.

The increase was driven by the April 1 fuel price increase as well as higher prices of food, alcohol, financial services, house rentals and electricity tariffs.

The Bank of Botswana expects inflation to top six percent by June before returning to below that level in the first three months of next year.

Inflation this year is being driven broadly by the increase in Value Added Tax, higher fuel levy, increased Botswana Housing Corporation rentals and a range of other increases in administered prices.

Editor's Comment
Let's Enjoy Responsibly

The rate of infection and the death toll might have gone down, but the threat is still there. According to statistics released on September 20, 2021, a total of 229,563 people have been fully vaccinated. While there is some progress, we still have a long way to go.As nightclubs and other entertainment areas open up in October, let’s ensure that we make our safety a priority. It is common knowledge that consumption of alcoholic beverages can...

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