Inflation stays put at 13-year high
Tuesday, March 15, 2022 | 1520 Views |
Out of reach: Cooking oil prices have risen by more than 28% in the 12 months to February 2022.
The current inflation rate represents the highest level since March 2009 and has been driven by a range of increases in administered prices last year, in particular, fuel prices which rose five times in 2021.
In its last review in late February, the Bank of Botswana (BoB) said inflation is projected to fall from the second quarter of 2022 and revert to within the target range of between three and six percent, from the third quarter of 2022.
As such, we are now one step away from the shame of being labelled amongst the world’s worst offenders. This is a national embarrassment that demands an immediate, united response from every corner of our society. Pointing fingers is useless, we must all hold up our hands and play our part in the dealing with this matter.To our government and the Botswana National Sports Commission (BNSC), the call is for the to adopt decisive leadership and...