Inflation softens marginally to 8.8%

Trying times: Local inflation is at a nine year high PIC PHATSIMO KAPENG
Trying times: Local inflation is at a nine year high PIC PHATSIMO KAPENG

Inflation dropped marginally from 8.9% in July to 8.8% in August, the first time the key rate has weakened since June last year.

However, at 8.8% inflation remains at nine-year highs, a level reflected by the individual movements of prices across the past 12 months.

Data from Statistics Botswana on Wednesday indicates that the various indices making up the Consumer Price Index recorded marginal movements during August, allowing inflation to slightly retreat.

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