The annual inflation rate in Botswana rose to 2.2 percent in December 2019 from 2.1 percent in the previous month. Prices advanced faster primarily for food & non-alcoholic beverages (3 percent vs 2.7 percent in November), namely meat (5.7 percent vs 3.8 percent); fish (4.7 percent vs 4 percent) and bread & cereals (4.1 percent vs 3.9 percent); housing & utilities (1.5 percent vs 1.4 percent); restaurants & hotels (2.9 percent vs 2.7 percent); alcoholic beverages & tobacco (4.4 percent vs 3.9 percent) and furnishings (2.7 percent vs 2.3 percent). Meanwhile, cost slowed for transport (1.3 percent vs 1.4 percent) and miscellaneous goods & services (5.3 percent vs 5.5 percent). On a monthly basis, consumer prices went up 0.2 percent, after increasing 0.1 percent in the preceding month. Inflation Rate in Botswana averaged 6.90 percent from 1997 until 2019, reaching an all time high of 15.06 percent in November of 2008 and a record low of 2.10 percent in November of 2019. source: Central Statistics Office, Botswana
Inflation Rate in Botswana is expected to be 2.80 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 3.10 percent in 2020, according to our econometric models.