October inflation edges up marginally

Wednesday, November 17, 2010

Year-on-year inflation edged up slightly for the month on October from 7 percent in September to 7.2 percent. The rise marginally pushed the rate above the Bank of Botswana's 6-7 percent objective, although no bank rate adjustment will be expected at next month's Monetary Policy Committee meeting.

According to figures released by the Central Statistics Office, only two group indices, namely Restaurants & Hotels (1.1 percent) and Clothing & Footwear (1.0 percent), registered significant increases.

"The Restaurants & Hotels group index recorded an increase of 1.1 percent from 168.8 in September to 170.6 in October. There was a general price increase as indicated by increases in the constituent section indices of
"Restaurants, Cafes & the Like (1.1 percent) and Accommodation Services (0.9 percent).

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October inflation edges up marginally

Year-on-year inflation edged up slightly for the month on October from 7 percent in September to 7.2 percent. The rise marginally pushed the rate above the Bank of Botswana's 6-7 percent objective, although no bank rate adjustment will be expected at next month's Monetary Policy Committee meeting.