Botswana Inflation Rate Declines to 2.9%
Botswana’s inflation rate dropped to a seven-month low of 2.9% year on year in March 2024, down from 3.9% in each of the previous two months, according to statistics office data release.
Consumer prices slowed down across several price index categories, including food & non-alcoholic beverages (5% vs 5.8% in February); alcoholic beverages & tobacco (5.3% vs 5.9%); clothing & footwear (4.3% vs 5.1%) and transportation (0.7% vs 3.5%).
On a monthly basis, consumer prices edged up by 0.1% in March, the same pace as in the prior month Botswana stands as the least corrupt nation in mainland Africa, boasts the highest economic freedom score in the region, and maintains a GDP per capita on par with other emerging economies, such as Brazil and Turkey, according to Harvard Review.
