Inflation drops to 5%

The national year inflation, measured by the Consumer Price Index (CPI) was 5% in November, down by 1.9% from the 6.9% in October. Inflation has now reached a year low. Now, all eyes are glued to the central bank to see if they would reduce the bank rates from 11%. The inflation has been on a downward trajectory from 12.8% in January to 5% in November following reduced international fuel prices and stable food prices.

The towns and cities inflation went down by 1.3% from 5.8% in October to 4.5% and urban villages inflation rate fell by 1.8% from 6.9 to 5.1% between the two months. The rural villages inflation rate was 6% in November, down by 3.5% on the October rate of 9.5%. The November national CPI increased by 0.3% to 130.7 as all group indices showed stable movements between October and November with clothing and footwear recording a change of 0.8%, restaurants and hotels (0.8%), furnishing, household equipment and routine maintenance (0.7%) and alcohol and tobacco (0.5%).

Meanwhile, all-tradeables inflation rate for November was 4.1%, down by 2% on the October rate of 6.1%.Non-tradeables inflation rate was 8.3% in November up by 0.1% on the October rate of 8.2%. The domestic tradeables inflation rate went down by 10.6% from 13.9 to 3.3% and the Imported tradeables inflation rate increased by 1.4% between October and November, from 1.9 to 3.3%.

Botswana lifts bank rate, inflation to stay high

Botswana lifts bank rate, inflation to stay high

Botswana's central bank increased its bank rate by 50 basis points to 15.5 percent on Thursday, warning that inflation would ...

Botswana Central Bank Raises Key Rate by Half Point (Update1)

Image via WikipediaBotswana Central Bank Raises Key Rate by Half Point (Update1)

Bloomberg - USA
By Nasreen Seria May 26 (Bloomberg) -- Botswana's central bank raised its benchmark lending rate by half a percentage point, the first adjustment in almost ...