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.