Botswana's inflation rate drops in November

Source: Xinhua | 2019-12-16

Botswana's inflation rate in November registered a drop of 0.3 percentage points, according to the country's official statistical agency.

Latest figures released by Statistics Botswana (SB) showed that the annual inflation rate in November stood at 2.1 percent, while the number in October was 2.4 percent.

"Group indices were generally moving at a slow pace between October 2019 and November 2019, recording changes of less than 1.0 percent," said Statistician General Burton Mguni.

Bank of Botswana said last week that subdued domestic demand pressure and a modest increase in foreign prices are contributing to a positive inflation outlook for the medium term.

Mguni added that slower growth in global economic activity, technological progress and productivity improvement, however, present downside risks to the outlook.