Inflation surges to 12.7% on food, fuel prices

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.