Inflation Rate Trends and Forecast for Botswana from 1990 to 2029

Botswana experienced high inflation rates in the early 1990s, peaking at 16.5% in 1992 due to currency depreciation and rising import prices. Inflation gradually declined in the 2000s, reaching a low of 1.9% in 2020, supported by robust monetary policies and a stable pula.

However, inflation surged to 12.2% in 2022, driven by higher global fuel and food prices. Projections indicate a decline to 4.5% by 2025 and stabilization thereafter, as Botswana leverages its strong fiscal management to counter external shocks.