Inflation set to cool

Ear to the ground: Pelaelo PIC: PHATSIMO KAPENG
Ear to the ground: Pelaelo PIC: PHATSIMO KAPENG

Inflation fell to 5.7 percent in May, the lowest in two years, with the Bank of Botswana (BoB) saying it expects the rate of increases in prices to continue easing into the medium-term, the Monitor Business has learnt.

The central bank has a medium-term objective range for inflation of three to six percent, which it considers conducive for economic growth and stability in the country.

However, prior to May, inflation was last within the objective range in April 2021, as the impact of increases in various taxes and levies as well as frequent hikes in administered prices such as fuel, pushed the cost of living to 14-year peaks in August 2022.

Editor's Comment
Government’s efforts commendable!

Since the news broke, the government made sure to work hand in hand with the South African government to assist the families of the victims. The two countries came together to help the families identify the bodies of their loved ones through DNA testing. The government also announced that they would assist families with food for mourners before the funerals.Even though the deceased persons were mostly residents of Molepolole, the government...

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