SB rebases consumer inflation
Friday, November 11, 2016
The rebased CPI is an update of the current measure of consumer price increases and economic growth to factor in changes in priorities and provide a more accurate view of the general economy.
During a consultative CPI rebasing workshop, SB deputy statistician general, Dabilani Buthali said although the rebasing of the CPI was delayed, it has to be done every five years to keep it abreast with changing household consumption patterns over time.
Whilst the project received mixed reactions from members of the public, the project is indeed a welcome development, which needs to be implemented as soon as possible. Many shared their opinion, with those against the project decrying that if implemented, it will kill the already struggling public transport industry.Many countries around the world have state-run public transport, and those who have travelled to such countries will give testimony...