Palapye.com News Blog

source: Mmegi
WANETSHA MOSINYI
Staff Writer

Pushed by rising fuel and food prices, the inflation rate for April soared to double digits, the Central Statistics Office reported yesterday.

The national year-on-year inflation rate stood at 11.1 percent for April, up by 1.3 percentage points on the March rate of 9.8 percent.

The inflation figures are now way above the 4 to 6 percent target band that Bank of Botswana (BoB) has set in its new short- to medium-term monetary policy objective.

Government Statistician Annah Majelantle says in the Consumer Price Statistics Bulletin that the Urban Villages’ inflation rate rose by 1.5 percentage points, from 9.5 percent in March to 11.0 percent in April.

The rural villages’ inflation rate stood at 9.8 percent in April, up by [continue reading]