Botswana’s annual inflation rate rose to 12.4 percent in December of 2022, accelerating from 12.2 percent in the previous month, as prices increased for both food & non-alcoholic beverages (2.4 percent vs 2.3 percent in November) and transport (6.8 percent vs 6.6 percent). Meanwhile, costs remained steady for housing & utilities (0.9 percent) and miscellaneous goods & services (0.9 percent). On a monthly basis, consumer prices were up by 0.4 percent, rebounding from 0.8 percent fall in November. source: Central Statistics Office, Botswana

Inflation Rate in Botswana averaged 6.90 percent from 1997 until 2022, 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 February of 2023.

Inflation Rate in Botswana is expected to be 12.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Botswana Inflation Rate is projected to trend around 5.80 percent in 2024, according to our econometric models.

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Botswana Inflation Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-12-15 06:00 AM Nov 12.2% 13.1% 12.7%
2023-01-13 07:00 AM Dec 12.4% 12.2% 12.7%
2023-02-15 08:00 AM Jan 12.4%


Related Last Previous Unit Reference
Inflation Rate 12.40 12.20 percent Dec 2022
Core Inflation Rate 8.70 8.30 percent Dec 2022
Core Consumer Prices 123.30 122.60 points Dec 2022
Food Inflation 16.90 16.30 percent Dec 2022
Inflation Rate MoM 0.40 -0.80 percent Dec 2022
CPI Transportation 151.00 150.00 points Dec 2022
CPI Housing Utilities 123.00 122.90 points Dec 2022

Botswana Inflation Rate
In Botswana the most important category in the Consumer Price Index is transport (23 percent of total weight). Housing, water, electricity, gas and other fuels account for 17 percent; food and non-alcoholic beverages account for 14 percent; and miscellaneous goods and services for 9 percent. Consumer Price Index in Botswana also includes communication (7 percent); clothing and footwear (6 percent) and alcoholic beverages and tobacco (4 percent). Furnishings, household equipment and maintenance; education; restaurants and hotels; recreation and culture and health account for the remaining 19 percent of total weight.
Actual Previous Highest Lowest Dates Unit Frequency
12.40 12.20 15.06 0.90 1997 - 2022 percent Monthly
2018=100, NSA

News Stream
Botswana December Inflation Rate Speeds Up to 12.4%
Botswana’s annual inflation rate rose to 12.4 percent in December of 2022, accelerating from 12.2 percent in the previous month, as prices increased for both food & non-alcoholic beverages (2.4 percent vs 2.3 percent in November) and transport (6.8 percent vs 6.6 percent). Meanwhile, costs remained steady for housing & utilities (0.9 percent) and miscellaneous goods & services (0.9 percent). On a monthly basis, consumer prices were up by 0.4 percent, rebounding from 0.8 percent fall in November.
2023-01-13
Botswana Inflation Rate Down to 6-Month Low
The annual inflation rate in Botswana eased for the third month to 12.2% in November 2022, the lowest reading in six months, compared to 13.1% in October. Prices rose less for transport (6.6% vs 7.6%), as retail pump prices for petrol and diesel fell from October to November. Cost of housing and utilities also eased (0.9% vs 1%) but prices rose slightly faster for food and beverages (2.3% vs 2.2%), namely fruits, vegetables, meat, bread and cereals, and miscellaneous goods and services (0.9% vs 0.8%). On a monthly basis, consumer prices fell by 0.8%, the first decrease since June of 2020.
2022-12-16
Botswana Inflation Rate Slows for 2nd Month
Annual inflation rate in Botswana fell for a second month to 13.1% in October of 2022 from 13.8% in September, and after reaching a 2008-high of 14.6% in August. Prices continued to slow for transportation (32.3% vs 36.2% in September), miscellaneous goods & services (9.1% vs 9.4%); restaurants & hotels (5.3% vs 5.5%); and alcoholic beverages & tobacco (3.2% vs 3.5%). On the other hand, faster increases were seen in the cost for food & non-alcoholic beverages (15.8%, the highest since May of 2009 vs 14.8%) and recreation & culture (4.5% vs 4.4%). Compared to the previous month, the CPI edged 0.2% higher, the smallest increase since December of 2021.
2022-11-15