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Inflation remains at three-year highs

Thursday, July 16, 2026 | 30 Views |

Higher and higher: The increase in electricity tariffs from August 1 will dent the inflation relief expected from the July 6 reduction in fuel prices

The annual rate of inflation was unchanged between May and June at 10.7% - a figure that represents three and a half year high - as the impact of fuel price increases earlier in the year continue to echo, Statistics Botswana numbers indicate.

The 10.7% is the highest inflation has reached since December 2022, when Russia’s invasion of Ukraine earlier that year triggered a global spiral of food and fuel prices.

Statistics Botswana figures show that between May and June, indices tracking the various goods and services were moving at a stable pace, recording changes of less than one percent. In terms of contribution to annual inflation in June, the transport group weighed the heaviest on the calculation of 10.7% inflation.

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