Inflation drops to 2.9%

Figures released by Statistics Botswana today show that the contributions of food and fuel to annual inflation fell to 0.7% and 0.2% in March, from 0.8% and 0.9% respectively in February.

Food inflation was measured at five percent in March, from 5.8% in February, while transport inflation was down to 0.7% from 3.5% over the same period. The transport index in the inflation calculation is heavily weighted towards fuel, whose prices were decreased last November and December. There has been no adjustment of fuel prices thus far this year.