Inflation returns to 13-year high

Going up: Fuel prices anchor the costs of nearly every other service in the economy PIC: MORERI SEJAKGOMO
Going up: Fuel prices anchor the costs of nearly every other service in the economy PIC: MORERI SEJAKGOMO

The rate of increase in the prices of goods and services reached 11.9% in May, the highest level since January 2009, powered by the recent adjustment in fuel pump prices.

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.

Editor's Comment
Botswana must not be a flag of convenience for rogues

‘A man’s country is not a certain area of land, of mountains, rivers, and woods, but it is a principle and patriotism is loyalty to that principle’.- George William CurtisAccording to the report carried in this publication, the fraudsters operating the so-called “dark fleet” have selected Botswana’s flag as their cover of choice. This is a direct assault on our country’s most valuable asset, the good name.For decades, Botswana has...

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