Inflation surges to 12.7% on food, fuel prices

Hard hits: The prices of goods and services have been rising rapidly in recent months PIC: KENNEDY RAMOKONE
Hard hits: The prices of goods and services have been rising rapidly in recent months PIC: KENNEDY RAMOKONE

The annual rate of increase in the prices of goods and services rose to 12.7% in June, the highest since January 2009, spurred on by increases in food and fuel prices, BusinessWeek has learnt.

The rate of inflation in June compares to 11.9% in May, which was similarly a 13-year high.

“Applying a significant upward pressure on the annual inflation rate in June 2022 were the increasing prices for the major components in the Consumer Price Index basket, specifically Transport, Food and Non-Alcoholic Beverages, Housing, Water, Electricity, Gas and Other Fuels, as well as Miscellaneous Goods and Services,” Statistics Botswana researchers wrote in an update last Friday.

Editor's Comment
Tighten the law on drug dealers

Our youth are perishing; their once hopeful bright future is going down the drain; all because of illicit drugs.It is very easy to blame the addict, but it is not as simple as that! Drug dealing is a very lucrative business for some shameless people amongst our society and as such they have come up with tight strategies on how to push their business.Drug addiction is bad, and while the individual on drugs sometimes might have been the one who...

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