Inflation returns to 13-year high
Wednesday, June 15, 2022 | 5440 Views |
Going up: Fuel prices anchor the costs of nearly every other service in the economy PIC: MORERI SEJAKGOMO
Inflation was measured at 9.6 percent in April, having come down from 10% in March and 10.6% in both February and January.
Data released by Statistics Botswana this morning (Wednesday) indicates that the biggest contributor to the latest inflation figure was the transport sector, under which movements in fuel prices are recorded. Retail pump prices of petrol and diesel rose by an average P1.92 on May 13, in the second adjustment of the year after an average P1.33 increase on March 29.
Whilst celebrating milestones in inclusivity, with notably P5 billion awarded to vulnerable groups, the report sounds a 'siren' on a dangerous and growing trend: the ballooning use of micro-procurement. That this method, designed for small-scale, efficient purchases, now accounts for a staggering 25% (P8 billion) of total procurement value is not a sign of agility, but a 'red flag'. The PPRA’s warning is unequivocal and must be...