Inflation falls below BoB�s objective range

Tuesday, March 17, 2015

Fuel prices decreases have pulled inflation down to a four decade low

The annual inflation rate fell further below the Central Bank’s medium-term objective range of 3-6 percent in February, reaching an all time low of 2.8 percent.

According to the latest Consumer Price Index (CPI) figures released by Statistics Botswana (SB), this represents a drop of 0.8 of a percentage point on the January 2015 rate of 3.6 percent. The figure was lower than the 4.6 percent recorded during the same month in 2014 as the effects of the drop in fuel prices continue to be felt across the board.

The downward movement of annual inflation rate between February 2014 and February 2015 was attributed to the decline in prices of commodities in the main component of transport, which dropped by 7.3 percentage points.

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