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
A step in the right direction

That is indeed a welcome development, especially looking at the fact that the manual way of doing things is slowly disappearing and competency in the use of computers and other digital gadgets has become a must.The simple way of looking at it is just an example that almost all companies have gone completely digital and school leavers will be better placed after leaving school, because they will already be familiar with the use of computers.The...

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