source: Sunday Standard
by Sunday Standard Reporter
25.11.2007 10:18 P
Inflation figures moved in zigzag bands in the last three months to burst through the Bank of Botswana ceiling for the second time within the period but the business community was optimistic that it would remain within the confines in the long term.
According to figures released by the Central Statistics Office (CSO), the consumer price index edged from 6.8 percent to 7.3 percent in October at the back of food price spike and vehicle prices. Food annual price hike was recorded at 12.9 percent against 12.5 in the previous month while transport’s annual rate accelerated from 4.9 percent to 7.7 percent.
“We hold a long term view that inflation will stabilize around the bank of Botswana target range. That is around seven percent and at the most [continue reading]
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[...] Business confident on inflation outlookInflation figures moved in zigzag bands in the last three months to burst through the Bank of Botswana ceiling for the second time within the period but the business community was optimistic that it would remain within the confines in … [...]