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Food prices stubborn as inflation eases to 3.5%

Thursday, January 18, 2024 | 450 Views |

Breathing room: Overall inflation is slowing down, but food inflation remains a worry PIC MORERI SEJAKGOMO

The rate of increase in the average prices of goods and services in the economy eased in December, as reflected by inflation slowing to 3.5% from 3.9% in November.

Statistics Botswana figures show annual food inflation dropped from 6.7% in November to 6.1% in December, while inflation associated with transport fell to 1.5% from 2.2%. Annual inflation associated with personal care fell from 8.9% to 7.7%.

The latest inflation level is well within the three to six percent objective range set by Bank of Botswana and seen as supportive of stable price growth.

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Food prices stubborn as inflation eases to 3.5%

The rate of increase in the average prices of goods and services in the economy eased in December, as reflected by inflation slowing to 3.5% from 3.9% in November.