Inflation drops marginally

Labobedi
Labobedi

The national year-on-year inflation rate stood at 3.0 percent in May, down by a marginal 0.1 of a percentage point from 3.1 percent in April, figures released by Statistics Botswana yesterday show.

This means prices increased by a slower rate last month, when compared to the same period last year.

Speaking at the presentation of the release yesterday, Acting Principal Statistician, Phaladi Labobedi stated that the national inflation rate for May was lower than the 4.5 percent recorded during the same month in 2014.

Editor's Comment
Botswana at a critical juncture

While the political shift brings hope for change, it also places immense pressure on the new administration to deliver on its election promises in the face of serious economic challenges.On another level, newly appointed Finance Minister Ndaba Gaolathe’s grim assessment of the country’s finances adds urgency to the moment. The budget deficit, expected to be P8.7 billion, is now anticipated to be even higher due to underperforming diamond...

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