INFLATION WATCH

Monday, July 28, 2008

Inflation Continues To Surprise On The Upside

Headline inflation rose faster than expected in June to 14.5 percent year-on-year from 12.1 percent year-on-year in May, surpassing our expectation of a one percent increase.

The June reading is the highest rate announced since the controversial rate of 17.7 percent announced in March 2006 in which the Education index was overstated from January to March and which was revised to 13.8 percent.

Just when we thought inflation would never go back to those dreaded levels, food and fuel prices seem to be driving it that way. The 2.4 percent month-on-month increase in the June number is entirely ascribed to food and fuel prices.

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INFLATION WATCH

Inflation Continues To Surprise On The Upside

Headline inflation rose faster than expected in June to 14.5 percent year-on-year from 12.1 percent year-on-year in May, surpassing our expectation of a one percent increase.

Letshego secures £15m senior loan

Boko showered with love in Mahalapye

Gov't isn't broke, Gaolathe assures Batswana

Mohwasa promises reforms at IEC, DCEC, DIS

Woman sues MoH for P2m after botched surgery

Dukwi top achiever prays for new gov to consider sponsoring refugees

Maaloswana man critical following stabbing incident

Bar brawl ends with 'murder'

Is our screening adequate?

Explore

More

INFLATION WATCH

Inflation Continues To Surprise On The UpsideHeadline inflation rose faster than expected in June to 14.5 percent year-on-year from 12.1 percent year-on-year in May, surpassing our expectation of a one percent increase.

Inflation Continues To Surprise On The Upside

Headline inflation rose faster than expected in June to 14.5 percent year-on-year from 12.1 percent year-on-year in May, surpassing our expectation of a one percent increase.