The annual inflation rate in Botswana eased to 2.4 percent in May of 2020 from 2.5 percent in April, amid decreases in prices of recreation & culture (-0.7 percent vs -0.4 percent) and transport (-0.1 percent vs 0.6 percent). In addition, inflation slowed for alcoholic beverages & tobacco (2.3 percent vs 3.5 percent). Conversely, prices rose faster mostly for food & non-alcoholic beverages (3.2 percent vs 3.1 percent); clothing & footwear (2 percent vs 1.7 percent) and housing & utilities (6.2 percent vs 6.1 percent), amid the recent hike in electricity tariffs. On a monthly basis, consumer prices were flat, after increasing 0.9 percent in the previous month.
Inflation Rate in Botswana averaged 6.82 percent from 1997 until 2020, reaching an all time high of 15.06 percent in November of 2008 and a record low of 2.10 percent in November of 2019. 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 July of 2020. source: Central Statistics Office, Botswana
Inflation Rate in Botswana is expected to be 3.20 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 3.20 in 12 months time. In the long-term, the Botswana Inflation Rate is projected to trend around 3.40 percent in 2021 and 3.50 percent in 2022, according to our econometric models.