Lesotho’s inflation rate has seen substantial fluctuations, driven largely by its dependency on South Africa for trade and currency stability. Inflation peaked at 17.9% in 1991, influenced by global economic instability. The early 2000s witnessed a decline to 3.4% in 2005 due to improved fiscal management. However, external shocks in 2008 raised inflation to 10.7%.
Recent years have seen inflation moderate, peaking at 8.3% in 2022 due to pandemic-related disruptions. Projections suggest a steady rate of 5.0% by 2028, reflecting improved policy and regional stability.
Recent years have seen inflation moderate, peaking at 8.3% in 2022 due to pandemic-related disruptions. Projections suggest a steady rate of 5.0% by 2028, reflecting improved policy and regional stability.
Find out more through related statistics on Lesotho’s fluctuating mortality rate, Lesotho’s net ODA figures, Lesotho’s net lending/borrowing as a percentage of GDP.
