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Inflation slows but food prices stay stubborn

Higher and higher: Vegetables are leading price increases in the inflation calculation
Higher and higher: Vegetables are leading price increases in the inflation calculation

Annual inflation printed at 3.1 percent in October from 3.2 percent in September, with food and non-alcoholic beverages continuing to dominate price movements over the 12 months.

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.

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