Inflation was below the lower bound of the objective range of 3 - 6 percent for most of 2019; and the outcome was broadly consistent with earlier projections. Average inflation decreased from 3.2 percent in 2018 to 2.8 percent in 2019, largely because of base effects. This is because the increase in some  administered prices in 2018 was not repeated in 2019.
Overall, low inflation in Botswana was in the context of moderate domestic demand pressures and benign foreign inflation. I  hasten to mention that food prices reversed the 0.4 percent decrease in 2018 to a 3 percent increase in 2019.