Botswana's annual inflation rate accelerated to 8.2 percent in June of 2021 from 6.2 percent in the previous month, reaching its highest level since February of 2012. Main upward pressure came from prices of transport (17.35 percent vs 8.9 percent in May) and housing & utilities (8.52 percent vs 6.6 percent), food & non-alcoholic beverages (6.8 percent vs 6.7 percent). On the other hand, inflation slowed for clothing & footwear (3.8 percent vs 3.9 percent) and alcohol & tobacco (9.29 percent vs 12.97 percent). On a monthly basis, consumer prices grew 0.6 percent, after a 0.5 percent rise in the previous month. source: Central Statistics Office, Botswana
Inflation Rate in Botswana averaged 6.65 percent from 1997 until 2021, 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 July of 2021.
Inflation Rate in Botswana is expected to be 6.50 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 4.00 in 12 months time. In the long-term, the Botswana Inflation Rate is projected to trend around 4.00 percent in 2022 and 3.60 percent in 2023, according to our econometric models.