Inflation sinks to fresh low
Friday, January 16, 2015
Last month's fuel price decrease drove down inflation
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.
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...