Inflation Botswana 2024
Average inflation: 2.8%
Current Inflation
Inflation is normal at 2.8%, around the ECB target.
Peak and Trough
The highest inflation was in January at 3.9%. The lowest inflation was in September at 1.5%.
- Highest month
- January: 3.9%
- Lowest month
- September: 1.5%
- Difference
- 2.4 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Food with an average of 4.8%. The lowest price increase was in Energy with an average of 1.1%.
- Highest increase
- Food: 4.8%
- Lowest increase
- Energy: 1.1%
Historical Context
Current inflation is 2.9% lower than the 5-year average of 5.7%.
- 5-year average
- 5.7%
- 10-year average
- 5.3%
- All-time high (2022)
- 11.6%
- All-time low (2020)
- 1.9%
Trend
Inflation shows a downward trend. Compared to 2023, inflation has fallen by +2.4 percentage point.
- Change vs. previous year
- -2.4 percentage points
- Largest monthly swing
- March: -7.1 percentage points
ECB Target
Inflation is 0.8% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this inflation rate, purchasing power noticeably decreases. Without a salary increase, you can buy less with the same money.
What you could buy for €100 this year will cost approximately €102.80 next year at this inflation rate.
Multi-year trend
Monthly figures 2024
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2023 |
|---|---|---|
| January | 3.9% | -5.4 |
| February | 3.9% | -5.2 |
| March | 2.9% | -7.1 |
| April | 3.1% | -4.9 |
| May | 3.0% | -2.7 |
| June | 2.8% | -1.8 |
| July | 3.7% | +2.2 |
| August | 3.9% | +2.7 |
| September | 1.5% | -1.7 |
| October | 1.6% | -1.5 |
| November | 1.7% | -1.3 |
| December | 1.7% | -1.8 |
| Average | 2.8% |
Data source
Data from WorldBank. Last updated: 06/01/2026.