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      Botswana’s women boxing on the rise 

      Boxers Finally Receive their Prize Money from 2022 African Championships

      Darts Expects Only P50K from BNSC for 2023/24

      Darts Expects Only P50K from BNSC for 2023/24

      Botswana athletes to train in USA

      Botswana athletes to train in USA

      Debswana’s BAA Sponsorship Plays Critical Role in Developing BW Athletics – Theetso

      Debswana’s BAA Sponsorship Plays Critical Role in Developing BW Athletics – Theetso

      Boxers yet to Receive Prizes from 2022 African Boxing Championships 

      Boxers yet to Receive Prizes from 2022 African Boxing Championships 

      April will see 2nd Instalment of Summer Kids Marathon

      April will see 2nd Instalment of Summer Kids Marathon

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      Botswana’s annual inflation rate set to dampen the Christmas spirit

      Botswana’s annual inflation rate has taken an unfavourable turn in the last quarter of 2021. A report by Statistics Botswana shows that since July 2021, the inflation rate has been soaring around an average of 8.5 percent, reaching a high of 8.9 percent in July 2021. This was the highest recorded since December 2011.

      mm by Data Collection & Analysis
      November 29, 2021
      in Data Collections & Analysis
      Reading Time: 2 mins read
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      Botswana’s annual inflation rate set to dampen the Christmas spirit
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      The October annual inflation rate stood at 8.8 percent owing to the upward pressure which came from prices of Transport (19.3 percent vs 17.5 percent in September), Alcoholic Beverages & Tobacco (8.8 percent vs 9 percent), Housing & Utilities (8.2 percent vs 8.3 percent), Miscellaneous Goods & Services (7.4 percent vs 7.3 percent) and Food & Non-Alcoholic Beverages (6.8 percent vs 6.4 percent). On a monthly basis, consumer prices increased by 0.9 percent, the biggest increase in six months, following a 0.5 percent rise in the prior month.

      As shown by these figures, Transport remained the major contributor of the increase as it is the most important category in the Consumer Price Index (CPI) with 20.65 percent of total weight. CPI measures changes in the prices paid by consumers for a basket of goods and services. Statistics show that in Botswana, CPI increased to 113.30 points in October from 112.30 points in September of 2021, owing to the annual inflation rate taking an upward swing.

      The rising inflation is especially taking a toll on lower-income families as the Rural Villages’ inflation rate has shown a rise of 0.6 percent from 8.0 percent in September 2021 to 8.6 percent in October 2021. The Urban Villages’ inflation rate was 9.0 percent in October compared to the September rate of 8.6 percent, while the Cities & Towns inflation rate rose by 0.3 of a percentage point, from 8.4 percent in September to 8.7 percent in October. Price increases that in the very short run put a lot of pressure on family budgets across the board will cause more stress and damage for low-income households as they have less scope and resources to absorb it.

      The group indices were generally moving at a steady pace between September and October 2021, recording changes of less than 1.0 percent, except the Transport group index which recorded 3.0 percent from 114.0 in September to 117.5 in October. This was attributed to a growth in the constituent section index of Operation of Personal Transport (5.2 percent) and Purchase of Vehicles (1.2 percent). The increase in the Operation of Personal Transport section index was attributed to the rise in retail pump prices for petrol (95) by P0.71 and diesel (50ppm) by P0.55 per litre, which effected on 8 October 2021. 

      Given the fact that the Transport index is the one with a major effect on CPI, it may be prudent for policymakers to come up with ways to manage its constituents. As the festive season approaches, many people will be travelling and/or spending more. This could put even more pressure on the CPI and consequently the inflation rate. Controlling the fuel price will go a long way in managing the inflation rate.


      This article was prepared by Data Collection & Analysis, a business research firm. Feedback or enquiries can be relayed to 76740658./research@eastearnman.co.bw Please contact us on details provided in this article to join our free Whatsapp group and receive research and data updates.

      Tags: BotswanaInflation rate

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