The annual inflation rate in Botswana was 2.2 percent in January 2020, unchanged from the previous month. Prices advanced further for food & non-alcoholic beverages (3.2 percent vs 3 percent in December), in particular meat (6.8 percent vs 6.7 percent) and fish (4.9 percent vs 4.7 percent); restaurants & hotels (3.6 percent vs 2.9 percent); alcoholic beverages & tobacco (4.8 percent vs 4.4 percent) and clothing & footwear (1.5 percent vs 1.3 percent). Meantime, inflation was steady for housing & utilities (at 1.5 percent) and furnishings ( at 2.7 percent) while it slowed for transport (1 percent vs 1.3 percent).On a monthly basis, consumer prices went up 0.4 percent, after increasing 0.2 percent in the previous month.
Inflation Rate in Botswana averaged 6.88 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. source: Central Statistics Office, Botswana
Inflation Rate in Botswana is expected to be 2.80 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 3.40 in 12 months time. In the long-term, the Botswana Inflation Rate is projected to trend around 3.10 percent in 2021, according to our econometric models.