The annual inflation rate in Botswana increased to 3.8 percent in November of 2018 from 3.6 percent in the previous month. It was the highest inflation rate since November of 2014, as prices rose further for transport (11.6 percent vs 11 percent); housing & utilities (3.7 percent vs 3.5 percent) and alcoholic beverages, tobacco & narcotics (1.3 percent vs 1.1 percent). Additionally, cost of food & non-alcoholic beverages dropped at a softer pace (-0.8 percent vs -1.1 percent). Meanwhile, inflation was steady for miscellaneous goods & services (at 6.8 percent, the same as in October); furnishings & household equipment (2.0 percent); clothing & footwear (1.4 percent); education (5.4 percent); health (at 1.0 percent) and restaurants & hotels (3.2 percent). Also, cost of communication continued to fall (-9.1 percent, the same as in October). On a monthly basis, consumer prices went up 0.4 percent, after a 0.7 percent gain in the prior month. Inflation Rate in Botswana averaged 7.11 percent from 1997 until 2018, reaching an all time high of 15.06 percent in November of 2008 and a record low of 2.60 percent in August of 2016.
Inflation Rate in Botswana is expected to be 3.70 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 4.30 in 12 months time. In the long-term, the Botswana Inflation Rate is projected to trend around 5.00 percent in 2020, according to our econometric models.