The annual inflation rate in Botswana rose to 2.2 percent in October of 2020 from 1.8 percent in September, reaching its highest level in six months. Main upward pressure came from prices of food & non-alcoholic beverages (4.3 percent vs 4.2 percent in September) and housing & utilities (6.6 percent vs 6.4 percent), of which electricity, gas & other fuels (20.4 percent). Additionally, transport cost decreased at a softer pace (-2.5 percent vs -3.9 percent). On a monthly basis, consumer prices were up 0.5 percent, following a 0.8 percent increase in the previous month. source: Central Statistics Office, Botswana
Inflation Rate in Botswana averaged 6.70 percent from 1997 until 2020, reaching an all time high of 15.06 percent in November of 2008 and a record low of 0.90 percent in June of 2020. This page provides the latest reported value for - Botswana Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Botswana Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on November of 2020.
Inflation Rate in Botswana is expected to be 2.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Botswana to stand at 2.20 in 12 months time. In the long-term, the Botswana Inflation Rate is projected to trend around 2.20 percent in 2021 and 2.40 percent in 2022, according to our econometric models.