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      Botswana’s women boxing on the rise 

      Boxers Finally Receive their Prize Money from 2022 African Championships

      Darts Expects Only P50K from BNSC for 2023/24

      Darts Expects Only P50K from BNSC for 2023/24

      Botswana athletes to train in USA

      Botswana athletes to train in USA

      Debswana’s BAA Sponsorship Plays Critical Role in Developing BW Athletics – Theetso

      Debswana’s BAA Sponsorship Plays Critical Role in Developing BW Athletics – Theetso

      Boxers yet to Receive Prizes from 2022 African Boxing Championships 

      Boxers yet to Receive Prizes from 2022 African Boxing Championships 

      April will see 2nd Instalment of Summer Kids Marathon

      April will see 2nd Instalment of Summer Kids Marathon

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      Transport costs drive inflation to 12.7 %

      mm by Baboloki Meekwane
      August 3, 2022
      in News
      Reading Time: 2 mins read
      0
      Transport is the lifeblood of the economy – Opelo

      GABORONE 24 March 2021, Commuters waiting for kombi during the last hour of begining of the carfue at the Gaborone bus rank on 24 March 2021. President Dr. Mokgweetsi Eric Keabetswe Masisi imposes carfue from 8pm to 4am instead of 10pm to 4am starting from today to curve the spread of Covid 19 corona virus in the country. (Pic:Monirul Bhuiyan/Press Photo)

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      • Transport index increased by 3.1% between May and June
      • Transport was the main driver of inflation in June

      Annual inflation rose to 12.7 percent in June 2022 compared to 11.9 percent in the prior month’s 0.8 percent increase, says Statistics Botswana.

      According to the government data bureau, the increase in major components in the Consumer Price Index (CPI), which measures price changes in goods and services with reference to a base period, caused the upward rise in inflation.

      The price increase was seen specifically in Transport (8.1 percent), Food & Non-Alcoholic Beverages (1.4 percent), Housing, Water, Electricity, Gas & Other Fuels (1.1 percent) and Miscellaneous Goods & Services (0.9 percent). “Three group indices recorded changes of at least 1.0 percent between May and June 2022, namely Transport (3.1 percent), Food & Non-Alcoholic Beverages (1.8 percent) and Miscellaneous Goods & Services (1.1 percent),” says the Statistics Botswana report.

      The Transport index, being the main driver of the annual rate of inflation in June, registered an increase of 3.1 percent, from 144.2 in May to 148.7 in June. Statistics Botswana says the increase was mainly attributable to a rise in the constituent section indices of Transport Services (14.8 percent) and Purchase of Vehicles (1.0 percent). “The rise in the Transport Services section index was mainly due to an increase in Minibus and Taxi Fares from P6.00 to P7.00 and P7.00 to P8.00 respectively, whereas long distance bus fares (bitumen road) increased from P0.30 to P0.35 per kilometer,” says the report. “These changes were effected on the 20th May 2022.”

      The Food & Non-Alcoholic Beverages group index rose by 1.8 percent, from 121.6 in May 2022 to 123.8 in June 2022. This was due to a general increase in the constituent section indices, specifically Oils & Fats (5.4 percent), Bread & Cereal (2.2 percent), Vegetables (1.8 percent), Milk, Cheese & Milk Products (1.8 percent), Food Not Elsewhere Classified (1.2 percent), Sugar, Jam, Honey, Chocolate & Confectionery (0.9 percent), Meat (Fresh, Chilled & Frozen) (0.9 percent) and Mineral Waters, Soft Drinks, Fruits & Vegetables Juices (0.8 percent).

      The Miscellaneous Goods & Services group index registered a growth of 1.1 percent, from 121.7 in May to 123.0 in June. The rise was due to the increase in the constituent section indices of Taxes, Licenses & Fees (2.6 percent), Personal Effects Not Elsewhere Classified (2.0 percent), Financial Services (1.3 percent) and Personal Care (0.9 percent).

      Tags: Consumer Price Index (CPI)Statistics Botswana

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