mmegi

One-sided match against inflation reaches injury time

Unmerry-go-round: Escalating fuel prices are driving higher inflation PIC: MORERI SEJAKGOMO
Unmerry-go-round: Escalating fuel prices are driving higher inflation PIC: MORERI SEJAKGOMO

Inflation reached 11.9% in May, the highest since January 2009, and the Bank of Botswana expects it top 12% when the June figures are revealed next month. Driving the higher prices of goods and services are runaway fuel prices which experts say are not going away anytime soon. Staff Writer, MBONGENI MGUNI reports

How high will inflation rise?

The answer depends on who you ask. At Kgori Capital, analysts expect that inflation will average 11.3% this year, a figure which if realised would be the highest average since 2008.

Editor's Comment
Don't let FMD outbreak drag on

Acting Agriculture Minister, Edwin Dikoloti, is right in saying opening an export-ready facility whilst Foot and Mouth Disease (FMD) is still spreading would risk getting the whole country blacklisted before a single carcass leaves the door.A ban like that would break the already stressed nation. So, the postponement, painful as it is, is the right thing to do. The local economy is being squeezed from both ends. FMD has already slammed the door...

Have a Story? Send Us a tip
arrow up