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.Naira Steadies as Banks Issue Update on FX Purchase

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. 

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