Inflation slows further

Wednesday, March 15, 2023 | 1560 Views |

Out of reach: Cooking oil prices have risen by an average 36% in the last 12 months

The annual rate of inflation slowed to 9.1 percent in February, from 9.3 percent in January, but price pressure remains on basic commodities, particularly cooking oil and vegetables.

Statistics Botswana figures released earlier today show that the reduction in annual inflation between January and February was largely due to base effects related to price increases in February 2022.

In an update, Statistics Botswana noted that major contributors to the annual inflation rate in February 2023 were Transport, Food & Non-Alcoholic Beverages, Housing, Water, Electricity, Gas & Other Fuels, as well as other Miscellaneous Goods & Services.

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