Inflation drops to 26-month low

Figures published by Statistics Botswana yesterday indicate that the cost of living continues to decline in line with forecasts by the Bank of Botswana and other analysts. This year, inflation has moved from a peak of 9.9 % in March, to its low of 4.6% in June. By comparison, in June last year, inflation was measured at 12.7%, as it marched towards a 14-year peak of 14.6% in August of that year.

In its latest update, Statistics Botswana figures show that annual inflation in food and non-alcoholic beverages dropped to 12.9% in June from 14.3% in May, while inflation associated with transport fell from 4.3% to 1.3%.