Monday, September 28, 2020

Inflation up for second consecutive month

Botswana’s headline inflation continued its upwards movement for a second month, ending long periods of declining numbers as the effects of rising energy costs are felt at home.

The Central Statistics Office (CSO) said on Thursday that in September 2009, national year-on-year inflation rate stood at 7.0 percent, up by 0.9 of a percentage point from 6.1 percent in August 2009.

The Cities and Towns’ inflation rate rose by 1.3 percentage points from 4.1 percent in August to 5.4 percent in September 2009.

The Urban villages’ inflation rate also increased from 6.2 percent in August to 7.1 percent in September, an increase of 0.9 of a percentage point, while the Rural villages’ inflation rate dropped from 11.0 percent in August to 10.8 percent in September, recording a decrease of 0.2 of a percentage point.

The September national Consumer Price Index stood at 130.3, an increase of 0.3 percent on the August index of 130.0.

The Cities and Towns’ index recorded an increase of 0.4 percent from 127.9 to 128.3 between the two months.

The Urban villages’ index moved from 129.9 to 130.3, recording an increase of 0.3 percent while the rural villages’ index moved from 135.2 to 135.4, registering an increase of 0.2 percent.

Only one group index recorded a change of more than 1.0 percent between August and SeptemberÔÇô Housing, Water, Electricity, Gas & Other Fuels (1.6 percent).

The Housing, Water, Electricity, Gas & Other Fuels group index registered an increase of 1.6 percent from 118.1 to 120.0 between the two months.

This was attributed to a rise in the constituent section index of Rent paid by tenants (3.7 percent), which follows the quarterly survey on private rentals.

The Transport group index registered an increase of 0.4 percent, from 117.6 to 118.1 between August and September.

This was largely due to an increase in the constituent section index of Purchase of Vehicles which rose by 0.9 percent. The increase in Purchase of Vehicles section index was attributed to the rise in the prices of vehicles.

The Furnishing, Household Equipment and Routine Maintenance of Household index group moved from 127.4 to 127.9, registering an increase of 0.3 percent between August and September 2009.

The increase was due to the rise in the section indices, notably Glassware, Tableware & Household Utensils (0.6 percent), Furniture and Furnishing (0.5 percent) and Goods & Services for Household Maintenance (0.4 percent).

Imported Tradeables inflation rate registered an increase of 2.5 percentage points between August and September 2009, from -0.4 to 2.1 percent.

The Domestic Tradeables inflation rate went down by 1.6 percentage points from 16.5 to 14.9 percent, while the Non-Tradeables inflation rate rose by 0.4 of a percentage point between August and September 2009 from 7.5 to 7.9 percent.

The Non- Tradeables index recorded an increase of 0.7 percent, from 121.7 in August to 122.5 in September 2009.

The All-Tradeables index increased by 0.1 percent, from 133.4 to 133.6, between the two months, the Imported Tradeables index rose by 0.3 percent from 125.3 to 125.7.

The Domestic Tradeables index stood at 149.1 in September, a decrease of 0.3 percent on the August rate of 149.5.

The CSO added that the September 2009 Trimmed Mean Core Inflation rate went down by 0.1 of a percentage point, from 6.9 percent in August to 6.8 percent in September 2009.

The Core Inflation rate by exclusion also dropped from the August rate of 13.4 percent to 12.6 percent in September, decreasing by 0.8 of a percentage point.

RELATED STORIES

Read this week's paper

Political appointments frustrate career diplomats- Mmolotsi

Government’s predisposition to compensate politicians who have lost elections by appointing them to ambassadorial positions is blocking the progression of Botswana’s career...