Botswana changes consumer inflation index - CNBC Africa

Botswana changes consumer inflation index

Financial

by Olivia Kumwenda-Mtambo, Reuters 0

Photo: Wikipedia.

Botswana has changed its consumer price index base year to 2016 from 2006 and modified how it calculates inflation to factor in changes in consumption patterns, a Statistics Botswana official said on Tuesday.

The changes are expected to be factored into the October CPI figures due out this week, acting manager of national accounts and prices Phaladi Labobedi said.

New products in the CPI basket included tablets, USB flash drives and second hand cars. Rebasing and the change of weightings and products would not have a significant statistical impact, he said.

Botswana's annual consumer inflation was 2.8 percent in September.

 

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