Inflation slides further in line with commodities prices

26 May, 2009 in Botswana

source: Standay Standard
by Sunday Standard Reporter
25.05.2009

The month–on-month inflation slouched down by a hefty 1.5 percent points as price in a range of goods and services eased, leaving the inflation rate at 10.2 percent, the Central Statistics Offices (CSO) reported on Tuesday.

The move is part of a down-ward trend, started at the beginning of the year, tracking the fuel prices slow-down—a move that later led to interest rates cut by the Central Bank of Botswana.
“There were significant downward movement in inflation across a range of commodity groups, including food and non alcoholic beverages (from 21.5 percent to 20.1 percent), housing and electricity and water from (7.8 percent to 5.7 percent) and transport (-4.4 percent to -9.2 percent), the report said.

Leutwetse Tumelo, chief executive officer for Capital Assets Management, said that he expects inflation to continue to [continue reading]

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