The annual inflation rate in Botswana declined to 2.5% in April 2019 from 3.3% in the prior month. It is the lowest inflation rate since at least January 1997, amid slowing prices of transport (7.6% vs 9.9% in March); housing & utilities (1.7% vs 3.2%) and miscellaneous goods & services (4.9% vs 5.7%). In contrast, cost rose faster for food & non-alcoholic beverages (0.4% vs 0.1%). On a monthly basis, consumer prices inched up 0.6%, after increasing 0.1% in the previous month. Inflation Rate in Botswana averaged 7.04 percent from 1997 until 2019, reaching an all time high of 15.06 percent in November of 2008 and a record low of 2.50 percent in April of 2019.
Inflation Rate in Botswana is expected to be 3.00 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 3.40 in 12 months time. In the long-term, the Botswana Inflation Rate is projected to trend around 3.80 percent in 2020, according to our econometric models.