Inflation sinks to fresh low

Last month's fuel price decrease drove down inflation
Last month's fuel price decrease drove down inflation

The annual inflation rate hit a fresh low of 3.8 percent in December 2014, a decrease of half a percentage point on the November 2014 rate of 4.3 percent.

Figures released by Statistics Botswana yesterday, show that the decline was largely on the back of  fuel price decreases effected in December last year as government reduced petrol and diesel prices in tandem with falling international oil prices.

 The December inflation is the lowest rate since Botswana adopted the pula currency in 1976, with the previous lowest recorded in June 1972 at 3.5 percent.

Editor's Comment
Batswana need to do better to stop FMD

It is a clear signal that the government’s purse is empty and that our own behaviour has left veterinary officials fighting with one hand tied behind their backs. We have been here before. During COVID-19, many of us thought we knew better. We ignored simple rules, we carried on as if the danger was someone else’s problem, and the virus took lives and left our economy on its knees. We are still broke from that experience. Yet now, with FMD...

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