Inflation slows to 2.8%

Statistics Botswana figures indicate that the annual rate of inflation was slightly softer in June owing to base effects particularly associated with transport.

In the 12 months to June 2024, the single highest increase in average prices has been in insurance services at 12.1%, while the average prices of oils and fats have retreated the most, declining by 9.9 percent. Government last year removed Value Added Tax on oils and fats, bowing to public outrage after an extended rally in prices of the commodities.