Annual inflation surges ahead

source: Mmegi

BRIAN BENZA
STAFF WRITER

The annual inflation rate continued to soar further in the month of February, adding 0.6 percentage points from 8.4 percent to 9 percent, mainly on the back of rising fuel prices.

This is the fith successive rise in the inflation rate as prices continue to increase, reflecting a worldwide trend where energy and food prices are continuously ballooning. “In February, headline inflation, as measured by the Consumer Price Index (CPI), rose further to 9.0 percent from 8.4 percent in January.

The major factor contributing to higher inflation was an increase in transport prices where inflation rose from 9.2 percent to 11.2 percent due to rising costs of fuel,” a Bank of Botswana statement on the issue said. With further food and [continue reading]



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