Inflation slows further

Out of reach: Cooking oil prices have risen by an average 36% in the last 12 months
Out of reach: Cooking oil prices have risen by an average 36% in the last 12 months

The annual rate of inflation slowed to 9.1 percent in February, from 9.3 percent in January, but price pressure remains on basic commodities, particularly cooking oil and vegetables.

Statistics Botswana figures released earlier today show that the reduction in annual inflation between January and February was largely due to base effects related to price increases in February 2022.

In an update, Statistics Botswana noted that major contributors to the annual inflation rate in February 2023 were Transport, Food & Non-Alcoholic Beverages, Housing, Water, Electricity, Gas & Other Fuels, as well as other Miscellaneous Goods & Services.

Editor's Comment
CoA brings sanity to DIS/DCEC long-standing feud

This decision follows the raiding of the office of the former Director General of the DCEC, Tymon Katlholo early 2022 and his staff officer by the DIS operatives who reportedly took files that they had targeted.After all back and forth arguments, the CoA has set the record straight giving an invaluable lesson to the DIS that it was no super security organ and it does not have any powers to cogently supervise other security organs including the...

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