Inflation slows but food prices stay stubborn
Wednesday, November 15, 2023 | 2320 Views |
Higher and higher: Vegetables are leading price increases in the inflation calculation
In the 12 months to October, food inflation was measured at 6.5 percent down from 7.7 percent in September, representing the highest price increase for specific goods and services.
According to figures released by Statistics Botswana on Wednesday, the stubborn food prices are being driven largely by vegetables, where average prices rose 11.2% in the 12 months to October. Average prices of fish, fruits, meat and bread are all eight percent higher over the 12 months, underlining the pressure consumers have been under in terms of basic commodities despite the overall drop in inflation.
‘When you make peace withyourself, you make peace with the world’- Maha GhosanandaThis may come at a huge cost if not handled properly. What started off on Labour Day in Letlhakane this year, where Boko was in attendance when the militant lawyer-cum-trade unionist, Robert Rabasimane rebutted the President’s address in defence of the trade union has seemingly spiralled out of control. The issue is now creating a cat-and-mouse type of a...