Inflation cools in line with BoB forecasts
Friday, November 17, 2017
Figures published by Statistics Botswana (SB) yesterday show that annual inflation rate in October 2017 was 3.0%, registering a drop of 0.2 of a percentage point on the September 2017 rate of 3.2%. At 3.0% consumer inflation is now at a ten-month low.
The BoB’s medium term objective is to have consumer inflation in the three to six percent range.
Despite the residents’ relentless struggle and enduring fears, government has yet to provide a clear and comprehensive solution to this alarming issue. For decades, the villagers have lived under the shadow of these ominous cracks, fearing the possibility of the earth swallowing them whole. This fear is not unfounded, as the damage extends beyond psychological distress to homes, fields, and ultimately, the livelihoods of the community. The...