Connect with us

Hi, what are you looking for?

The rise and rise of inflation
The rise and rise of inflation
ON THE RISE AGAIN: Inflation goes up by 0.1 percent

Business

The rise and rise of inflation

December inflation goes up by 0.1 percent

Although it is expected to slow down this year, the annual inflation continued to increase with the December inflation going up by 0.1 percent on the backdrop of fuel price increase.

The annual inflation in December stood at 8.7 percent, way above the Bank of Botswana’s medium term objective of 3 – 6 percent,
Contributing significantly to the December 2021 rate were Transport at 4.3 percent, Housing, Water, Electricity, Gas and Other Fuels at 1.4 percent, Food & Non-Alcoholic Beverages 1.0 percent and Miscellaneous Goods and Services at 0.7 percent.

According to data from Statistics Botswana inflation rates for regions between November 2021 and December 2021 has indicated that the Rural Villages’ inflation rate stood at 8.7 percent in December, showing a rise of 0.2 of a percentage point on the November rate of 8.5 percent.

The Cities and Towns inflation rate rose by 0.1 of a percentage point, from 8.5 percent in November to 8.6 percent in December, while the Urban Villages’ inflation rate stood at 8.8 percent in December the same rate as in November.

The national Consumer Price Index (CPI) meanwhile went up by 0.1 percent in December 2021, from 113.3 registered in November, 2021 to 113.5.

The Cities and Towns Index moved from 113.3 to 113.4 registering an increase of 0.2 percent.

Advertisement. Scroll to continue reading.

The Rural Villages index recorded a growth of 0.2 percent, from 112.4 in November to 112.7 in December, whereas the Urban Villages index advanced from 113.8 in November to 113.9 in December 2021, a rise of 0.1 percent.

Acting Statistician General, Tapologo Baakile noted that the group indices were generally moving at a steady pace between November and December 2021, recording changes of less than 1.0 percent.

The Housing, Water, Electricity, Gas and Other Fuels group index recorded an increase of 0.5 percent, from 116.9 in November to 117.5 in December.

This was attributed to the general increase in the constituent section indices, especially; Rent Paid by Tenants at 0.9 percent.

Advertisement. Scroll to continue reading.
Click to comment

Leave a Reply

Your email address will not be published.

You May Also Like

Business

Business Botswana (BB) held the 5th Prosperity Africa Small Business Exporters Conference in Gaborone last week. The three-day conference, which attracted over 70 international...

Business

Friday saw the start of a powerful new partnership as Botswana Power Corporation (BPC) and Francistown College of  Technical and Vocational Education (FCTVE) joined...

Business

As part of their efforts to promote the country as a tourism hub, Cresta Marakanelo Limited (CML) sang Botswana’s praises at the Africa Travel...

Business

Health Generation adds zest to the HATAB Conference Botswana’s best juicers, Health Generation had plenty of admirers at the just ended Hospitality and Tourism...

Business

Coal mine set sights on Europe Morupule Coal Mine (MCM) are in hot pursuit of an exciting new partnership, with the coal producers in...

Business

There is a famous Chinese proverb that states life begins the day you start a garden. This certainly rings true for 41-year-old Unaswi Tafila,...

Business

Fallout from Ukraine invasion worries Minerals Minister Calling for divine intervention, Minister of Minerals and Energy, Lefoko Moagi has warned that the on-going Russia/Ukraine...

Business

Distribution company open Gabs office East Africa’s leading ICT distribution company, Red Dot has honed in on Botswana, officially opening an office in Gaborone’s...

Advertisement