Botswana's annual inflation rose for the third straight month to 3.2 percent in March of 2021, reaching its highest level since March of 2019. Main upward pressure came from prices of food & non-alcoholic beverages (4 percent vs 3.7 percent in February), especially bread & cereals (8.2 percent); alcoholic beverages & tobacco (7.1 percent vs 6.5 percent); housing & utilities (7.2 percent, the same pace as in February), of which electricity, gas and other fuels (20.4 percent); and transport (1.4 percent vs -1.4 percent). On a monthly basis, consumer prices inched up 0.8 percent, after increasing 0.3 percent 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 May of 2021.
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 2.60 in 12 months time. In the long-term, the Botswana Inflation Rate is projected to trend around 3.20 percent in 2022 and 3.40 percent in 2023, according to our econometric models.