The annual inflation rate in Botswana climbed to 11.9% in May of 2022, up from 9.6% in the previous month. It was the highest level since January 2009, amid a weaker pula and due to soaring prices of transport (31.5% vs 23.6% in April) powered by the recent adjustment in fuel pump prices. Additional upward pressure came from food & non-alcoholic beverages (8.3% vs 6.1%); housing & utilities (8% vs 7.9%) and miscellaneous goods & services (8.2% vs 7.9%). On a monthly basis, consumer prices were up 2.6%, following a 3% increase in the previous month. source: Central Statistics Office, Botswana
Inflation Rate in Botswana averaged 6.75 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 June of 2022.
Inflation Rate in Botswana is expected to be 12.40 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 7.00 percent in 2023 and 5.00 percent in 2024, according to our econometric models.