The annual inflation rate in Botswana rose to 1.8 percent in September of 2020 from 1 percent in the prior month, reaching the highest level since May. Main upward pressure came from prices of housing & utilities (6.4 percent vs 6.1 percent in August), of which electricity, gas & other fuels (20.4 percent vs 20.3 percent) and food & non-alcoholic beverages (4.2 percent, the same pace as in August). In addition, cost fell much less for transport (-3.9 percent vs -6.9 percent), namely transportation services (12.5 percent vs 0.1 percent), mainly due to an increase in minibus and taxi fares effective from September 1st. On a monthly basis, consumer prices inched up 0.8 percent, the most since April, after a 0.2 percent increase in August, mainly due to transport prices.
Inflation Rate in Botswana averaged 6.72 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 October of 2020. source: Central Statistics Office, Botswana
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.