SB rebases consumer inflation
Friday, November 11, 2016
The rebased CPI is an update of the current measure of consumer price increases and economic growth to factor in changes in priorities and provide a more accurate view of the general economy.
During a consultative CPI rebasing workshop, SB deputy statistician general, Dabilani Buthali said although the rebasing of the CPI was delayed, it has to be done every five years to keep it abreast with changing household consumption patterns over time.
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...