Botswana changes consumer inflation index

PUBLISHED: Tue, 15 Nov 2016 08:24:59 GMT
Share

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.

Sign Up for Our Newsletter Daily Update
Get the best of CNBC Africa sent straight to your inbox with breaking business news, insights and updates from experts across the continent.
Get this delivered to your inbox, and more info about about our products and services. By signing up for newsletters, you are agreeing to our Terms of Use and Privacy Policy.