Inflation sinks to fresh low

Friday, January 16, 2015

Last month's fuel price decrease drove down inflation

The annual inflation rate hit a fresh low of 3.8 percent in December 2014, a decrease of half a percentage point on the November 2014 rate of 4.3 percent.

Figures released by Statistics Botswana yesterday, show that the decline was largely on the back of fuel price decreases effected in December last year as government reduced petrol and diesel prices in tandem with falling international oil prices.

The December inflation is the lowest rate since Botswana adopted the pula currency in 1976, with the previous lowest recorded in June 1972 at 3.5 percent.

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