Botswana's inflation rate remains at 10.7% in June, a three-and-a-half-year high

Botswana's annual inflation rate held steady at 10.7% between May and June, according to Statistics Botswana. This figure marks a three-and-a-half-year high, reflecting the continued impact of earlier fuel price increases. The 10.7% rate is the highest recorded since December 2022, a period influenced by the global surge in food and fuel prices following Russia's invasion of Ukraine. Statistics Botswana data indicates that between May and June, indices for various goods and services showed stable movement, with changes under one percent. The transport sector was the primary contributor to the 10.7% annual inflation rate in June. The upcoming increase in electricity tariffs from August 1 is expected to counteract any inflation relief anticipated from the July 6 reduction in fuel prices.