July inflation soars to 15%
Tuesday, August 19, 2008
The transport group index increased by 6.1 percent - from 135.1 to 143.2 between the two months. The rise is largely due to the hike in retail pump prices for both diesel and petrol by P1.04 and P1.09 per litre respectively. The fuel price increase lead to an increase in the constituent section index of operation of personal transport, which rose by 9.7 percent.
The continued rise in the annual inflation figure has worsened Botswana's position in the region. Botswana now has the highest inflation in the region excluding crisis-torn Zimbabwe.
Despite the outcry from the civil society, churches, opposition politicians, academics, and many others, the ruling party remains steadfast in its determination to proceed with the proposed changes. However, it is essential to consider the implications of this decision and call on the BDP to do what is right for the nation.A Constitution serves as the fundamental law of a country, outlining the rights and responsibilities of citizens, the...