Inflation stays put at 13-year high

Out of reach: Cooking oil prices have risen by more than 28% in the 12 months to February 2022.
Out of reach: Cooking oil prices have risen by more than 28% in the 12 months to February 2022.

The rate of inflation remained at 10.6% in February, unmoved from January, with marginal price movements of various goods and services between the two months, a Statistics Botswana report released today indicates.

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.

Editor's Comment
Human rights are sacred

It highlights the need to protect rights such as access to clean water, education, healthcare and freedom of expression.President Duma Boko, rightly honours past interventions from securing a dignified burial for Gaoberekwe Pitseng in the CKGR to promoting linguistic inclusion. Yet, they also expose a critical truth, that a nation cannot sustainably protect its people through ad hoc acts of compassion alone.It is time for both government and the...

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