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Electricity tariff hike shoots Swaziland’s inflation to 7%

A report issued by the Central Statistical Office (CSO) for the month of April shows Swaziland’s inflation had increased to 7 percent due to a hike in electricity tariffs at the beginning of April.The report states that this annual rate of inflation is 1.0 index points higher that the corresponding annual rate of 6.0 percent, which was recorded in March 2017.

“Housing, water, electricity, gas and other fuels, which increased from 3.7 percent in March to 8.2 percent in April 2017 have hiked the inflation rate to 7 percent.”

A justification for the higher headline inflation was the increasing annual rates of change reflected in April in the price indices for transport, which increased from 2.0 percent in March 2017 to 2.9 percent in April 2017.

The picture painted by the monthly report is to the effect that recreation and culture, which increased from 7.3 percent in March 2017 to 7.7 percent in April was also a determining factor in the increased inflation rate.

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