Inflation in Botswana
Botswana - InflationGrowth, in annual terms, slid to a two-year low in the second quarter (Q2: +3.1% year-on-year; Q2: +4.3% yoy), led by a marked contraction in the mining sector. The downturn in mining was underpinned by a fall in diamond production, largely owing to reduced output at the Orapa mine which was temporarily closed in April for maintenance works. Moreover, agricultural activity also swung to decline, while the manufacturing, utilities and transport sectors lost steam. Turning to the third quarter, prospects remained downbeat. Exports fell at the sharpest pace in over two years in July, primarily due to an almost 50% drop in overseas sales of diamonds. Moreover, business confidence fell in the quarter and thus likely weighed on private sector activity. Meanwhile, in politics, the Umbrella for Democratic Change (UDC), a coalition of opposition groups, has emerged as a strong contender to the ruling Botswana Democratic Party (BDP) in the 23 October presidential election, after joining forces with former President Ian Khama.
Botswana - Inflation Data
|Inflation Rate (CPI, annual variation in %)||5.9||4.4||3.1||2.8||3.3|
5 years of economic forecasts for more than 30 economic indicators.
Botswana Inflation Chart
Source: Central Statistics Office of Botswana
|Bond Yield||4.96||0.23 %||Sep 04|
|Exchange Rate||10.93||-0.31 %||Sep 04|
|Stock Market||1.3||0.0 %||Sep 03|
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