Statistics Botswana could launch PPI by September

The PPI will debut by covering mining
The PPI will debut by covering mining

The International Monetary Fund (IMF) is handholding Statistics Botswana (SB) to develop a new price index that could be launched by September, initially focussing on mining and quarrying.

The planned Producer Price Index (PPI) would measure the average change over time in selling prices received by domestic producers for their output.  The prices included in the PPI are from the first commercial transaction for many products and some services.

At present, inflation in Botswana is measured via the Consumer Price Index where the prices of goods and services also include taxes, transport and mark ups by businesses.  By focussing strictly on the prices manufacturers receive for their goods and services, the PPI helps develop a more accurate picture of inflation for policymakers and other players looking at trends such as disposable incomes and the strength of the pula.

Editor's Comment
Botswana deserves ideal political leaders

This remains to be seen, particularly as opposite unity has been seeing its ups and downs. In 2012, three opposition parties namely the Botswana National Front (BNF), the Botswana Movement for Democracy (BMD), and the Botswana National Front (BNF) formed a political alliance under the Umbrella for Democratic Change (UDC). The Botswana Congress Party (BCP) would, after rebuffs, join the coalition in 2017.The promise made by the coalition to its...

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