According to Statistics Botswana, headline inflation rose from 1.2 percent in August to 3.2 percent in September 2023, reverting to within the Bank’s medium-term objective range of 3 – 6 percent, but was significantly lower than the 13.8 percent in September 2022. The increase in inflation between August and September 2023 was mainly due to the upward adjustment in domestic fuel prices on September 13, 2023, which increased inflation by 1.31 percentage points. Meanwhile, there were partially offsetting movements in the annual price changes for some categories of goods and services, while for the rest, prices were unchanged. Inflation increased with respect to: Transport (from -7.8 to -0.5 percent); Restaurants and Hotels (from 6.0 to 6.2 percent); Recreation and Culture (from 2.0 to 2.1 percent); Communication (from 1.3 to 1.4 percent); Alcoholic Beverages and Tobacco (from 5.4 to 5.5 percent). The upward pressure on inflation was partly offset by inflation decreasing with respect to: Food and Non-Alcoholic Beverages (from 9.0 to 7.7 percent); Health (from 2.7 to 2.3 percent); Furnishing, H/H Equipment & Routine Maintenance (from 5.6 to 5.2 percent); and Clothing & Footwear (from 5.7 to 5.6 percent). Similarly, the 16 percent trimmed mean inflation increased from 2.4 percent to 3.3 percent, while inflation excluding administered prices decreased from 5.5 percent to 5.2 percent, in the same period.