Technology

Inflation decreases to 3.3 percent in February

In February, headline inflation decreased to 3.3 percent from 3.5 percent in January. According to the latest data from Statistics Botswana, inflation decreased for: alcoholic beverages and tobacco (from 0.7 to 0.4 percent); clothing and footwear (from 1.6 to 1.5 percent); housing, water, electricity, gas and other fuels (from 3.4 to 3.3 percent); furnishing, household equipment and routine maintenance (from 2.1 to 2 percent); recreation and culture (from 1.5 to 1.2 percent); restaurants and hotels (from 2.7 to 2.4 percent); and miscellaneous goods and services (from 6.4 to 6.2 percent). The increase in deflation for food and non-alcoholic beverages (from 0 to -0.2 percent) also contributed to the decrease in inflation. However, this was partly offset by inflation increasing with respect to education (3 to 3.2 percent). Inflation remained unchanged for: health (1.1 percent); transport (9.9 percent); and communication (-9.3 percent).

The trimmed mean measure of core inflation and inflation excluding administered prices decreased from 3.6 to 3.5 percent and 1.8 to 1.6 percent, respectively.

Source: Bank of Botswana