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
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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