inflation rate

Price of goods continues to soar

The Goroka MP made this statement in Parliament after the supplementary budget was tabled by Treasury Minister Patrick Pruaitch yesterday.     

“The medium term fiscal outcome is quite clear in terms of inflation, if you look at 2011 it started roughly about 4 percent and we are tracking on an upward projected for 2016 is 6.6 percent, I suspect by end of the year we could go up to 6.8 or 6.9 percent,” Kimisopa said.