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Inflation softens marginally

Thursday, June 20, 2024 | 460 Views |

Stabilising: Food prices were amongst the leading drivers of inflation, but the increases are levelling off PIC MORERI SEJAKGOMO

The rate of increase in the prices of goods and services in the economy declined marginally in May, reaching three percent, from 3.1 percent in April.

Statistics Botswana figures indicate that the annual rate of inflation was slightly softer in May owing to base effects associated with the movement of prices in the corresponding period last year.

Statistics Botswana’s data analysis revealed that Miscellaneous Goods & Services, Transport, and Food & Non-Alcoholic Beverages were the major contributors to the May 2024 annual inflation rate.

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