One-sided match against inflation reaches injury time
Friday, June 24, 2022 | 830 Views |
Unmerry-go-round: Escalating fuel prices are driving higher inflation PIC: MORERI SEJAKGOMO
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.
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...