{"id":29531,"date":"2023-06-27T10:39:55","date_gmt":"2023-06-27T10:39:55","guid":{"rendered":"https:\/\/www.africa-press.net\/botswana\/all-news\/botswanas-inflation-rate-dropped-in-may"},"modified":"2023-06-27T11:08:51","modified_gmt":"2023-06-27T11:08:51","slug":"botswanas-inflation-rate-dropped-in-may","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/botswana\/all-news\/botswanas-inflation-rate-dropped-in-may","title":{"rendered":"Botswana\u2019s Inflation Rate Dropped in May"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Botswana. <\/strong><\/span><b>The latest Consumer Price Index report released by Statistics Botswana shows a 2.2 percent decline in Botswana\u2019s annual inflation rate for May 2023, dropping to 5.7 percent from 7.9 percent in April.<\/b><\/p>\n<p>Key contributors to the decline were Food &amp; Non-Alcoholic Beverages, Transport, and Miscellaneous Goods &amp; Services.<\/p>\n<p>The Food &amp; Non-Alcoholic Beverages group accounted for a 1.9 percent increase in the annual inflation rate while Transport and Miscellaneous Goods &amp; Services contributed 1.0 percent and 0.9 percent respectively.<\/p>\n<p><b>Rural villages down 2.5%<\/b><\/p>\n<p>The regional inflation rates for April and May 2023 demonstrated a notable decrease. According to the report, Rural Villages experienced a decline of 2.5 percentage points, dropping from 8.6 percent in April to 6.1 percent in May.<\/p>\n<p>Urban Villages and Cities &amp; Towns recorded drops of 2.3 and 2.0 percentage points respectively, resulting in inflation rates of 5.6 percent for both regions in May 2023.<\/p>\n<p>The national Consumer Price Index saw a slight increase of 0.4 percent, rising from 129.7 in April 2023 to 130.2 in May. The Rural Villages index grew by 0.5 percent to 129.7 while the Cities &amp; Towns index increased by 0.4 percent to 130.2. The Urban Villages index also rose by 0.4 percent to 130.5.<\/p>\n<p><b>Most group indices stable<\/b><\/p>\n<p>Most group indices remained stable between April and May 2023, with changes of less than 1.0 percent, except for the Restaurants &amp; Hotels group, which experienced a 1.0 percent increase.<\/p>\n<p>The rise was primarily driven by a general increase in the constituent section indices, notably Restaurants, Cafes &amp; the Like, which grew by 1.2 percent.<\/p>\n<p>The Alcoholic Beverages &amp; Tobacco group index increased by 0.8 percent, driven by rises in the constituent section indices of Alcoholic Beverages (0.9 percent) and Tobacco (0.6 percent).<\/p>\n<p>Similarly, the Miscellaneous Goods &amp; Services group index grew by 0.7 percent due to increases in the constituent section indices of Personal Care (1.2 percent), Insurance (0.7 percent), and Financial Services (0.6 percent).<\/p>\n<p><b>Oils &amp; Fats down 1.1%<\/b><\/p>\n<p>The Food &amp; Non-Alcoholic Beverages group index rose by 0.5 percent, primarily driven by increases in constituent section indices, except for Oils &amp; Fats, which experienced a 1.1 percent drop.<\/p>\n<p>The All-Tradeables index showed a 0.6 percent increase, with the Domestic Tradeables index rising by 0.6 percent and the Imported Tradeables index growing by 0.5 percent. Meanwhile, the Non-Tradeables index increased by 0.2 percent.<\/p>\n<p>The All-Tradeables inflation rate decreased by 3.8 percentage points to 6.5 percent in May 2023, compared to April\u2019s rate of 10.3 percent.<\/p>\n<p><b>Imported tradeables down 4.8% <\/b><\/p>\n<p>The Imported Tradeables inflation rate dropped by 4.8 percentage points to 4.5 percent, while the Domestic Tradeables inflation rate declined by 0.6 percentage points to 12.5 percent.<\/p>\n<p>The Non-Tradeables inflation rate remained unchanged at 4.6 percent, the same as in April.<\/p>\n<p>The decline in Botswana\u2019s annual inflation rate, led by lower food and transportation costs, indicates a positive trend for consumers.<\/p>\n<p><strong>For More News And Analysis About <a href=\"https:\/\/www.africa-press.net\/botswana\">Botswana<\/a> Follow <a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Botswana. The latest Consumer Price Index report released by Statistics Botswana shows a 2.2 percent decline in Botswana\u2019s annual inflation rate for May 2023, dropping to 5.7 percent from 7.9 percent in April. Key contributors to the decline were Food &amp; Non-Alcoholic Beverages, Transport, and Miscellaneous Goods &amp; Services. The Food &amp; Non-Alcoholic [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":29530,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,6],"tags":[233,237,234],"class_list":["post-29531","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-files","tag-africa-press","tag-africa-press-botswana","tag-botswana"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Botswana\u2019s Inflation Rate Dropped in May - Botswana<\/title>\n<meta name=\"description\" content=\"The latest Consumer Price Index report released by Statistics Botswana shows a 2.2 percent decline in Botswana\u2019s annu ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/botswana\/all-news\/botswanas-inflation-rate-dropped-in-may\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Botswana\u2019s Inflation Rate Dropped in May\" \/>\n<meta property=\"og:description\" content=\"The latest Consumer Price Index report released by Statistics Botswana shows a 2.2 percent decline in Botswana\u2019s annu ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/botswana\/all-news\/botswanas-inflation-rate-dropped-in-may\" \/>\n<meta property=\"og:site_name\" content=\"Botswana\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-06-27T10:39:55+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-06-27T11:08:51+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2023\/06\/sm_1687847457.93432.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/botswanas-inflation-rate-dropped-in-may#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/botswanas-inflation-rate-dropped-in-may\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Botswana\u2019s Inflation Rate Dropped in May\",\"datePublished\":\"2023-06-27T10:39:55+00:00\",\"dateModified\":\"2023-06-27T11:08:51+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/botswanas-inflation-rate-dropped-in-may\"},\"wordCount\":447,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/botswanas-inflation-rate-dropped-in-may#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2023\/06\/sm_1687847457.93432.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Botswana\",\"Botswana\"],\"articleSection\":[\"all news\",\"files\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/botswana\/all-news\/botswanas-inflation-rate-dropped-in-may#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/botswanas-inflation-rate-dropped-in-may\",\"url\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/botswanas-inflation-rate-dropped-in-may\",\"name\":\"Botswana\u2019s Inflation Rate Dropped in May - 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