The annual inflation rate in Namibia edged up to 3.6 percent in October of 2021, from 3.5 percent in September. The main contributions to the overall rise in inflation were transport (10.7 percent vs 7.5 percent in September); and food & non-alcoholic beverages (5.2 percent vs 5 percent). Prices also increased significantly for miscellaneous goods & services (6.6 percent, the same pace as in September); furnishings (5.3 percent vs 4.8 percent) and health (3.1 percent vs 3.5 percent). Meanwhile, costs dropped for clothing & footwear (-1.9 percent vs -3.1 percent); and communication (-0.7 percent vs 0.9 percent). On a monthly basis, consumer prices rose 0.2 percent in October compared to a 0.3 percent uptick in the previous month. source: Central Bureau of Statistics, Namibia

Inflation Rate in Namibia averaged 9.08 percent from 1973 until 2021, reaching an all time high of 20.54 percent in June of 1992 and a record low of 0.94 percent in May of 2005. This page provides the latest reported value for - Namibia Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Namibia Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on November of 2021.

Inflation Rate in Namibia is expected to be 3.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Namibia Inflation Rate is projected to trend around 3.00 percent in 2022 and 2.80 percent in 2023, according to our econometric models.

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Namibia Inflation Rate


Calendar GMT Actual Previous Consensus TEForecast
2021-10-14 08:25 AM Sep 3.5% 3.4% 3.4%
2021-11-11 07:40 AM Oct 3.6% 3.5% 3.4%
2021-12-14 09:00 AM Nov 3.6%


Related Last Previous Unit Reference
Inflation Rate 3.60 3.50 percent Oct/21
Consumer Price Index CPI 146.76 146.49 points Oct/21
Inflation Rate Mom 0.19 0.35 percent Oct/21
CPI Transportation 149.63 148.62 points Oct/21
CPI Housing Utilities 134.92 135.11 points Oct/21
GDP Deflator 131.90 124.97 points Dec/20
Export Prices 128.20 119.00 points Dec/20
Import Prices 106.90 102.90 points Dec/20

News Stream
Namibia October Inflation Rate Ticks Up to 3.6%
The annual inflation rate in Namibia edged up to 3.6 percent in October of 2021, from 3.5 percent in September. The main contributions to the overall rise in inflation were transport (10.7 percent vs 7.5 percent in September); and food & non-alcoholic beverages (5.2 percent vs 5 percent). Prices also increased significantly for miscellaneous goods & services (6.6 percent, the same pace as in September); furnishings (5.3 percent vs 4.8 percent) and health (3.1 percent vs 3.5 percent). Meanwhile, costs dropped for clothing & footwear (-1.9 percent vs -3.1 percent); and communication (-0.7 percent vs 0.9 percent). On a monthly basis, consumer prices rose 0.2 percent in October compared to a 0.3 percent uptick in the previous month.
2021-11-11
Namibia September Inflation Rate Edges up to 3.5%
The annual inflation rate in Namibia ticked up to 3.5 percent in September of 2021, from 3.4 percent in August. The main contributions to the rise in inflation were transport (7.5 percent vs 6.2 percent in August) food & non-alcoholic beverages (5 percent vs 5.2 percent); miscellaneous goods & services (6.6 percent vs 6.2 percent) and furnishings (4.8 percent vs 4.6 percent). Prices also went up for furnishings (4.8 percent vs 4.6 percent); alcoholic beverages 6 tobacco (3 percent vs 2.9 percent) and housing & utilities (1.3 percent vs 1.6 percent). On a monthly basis, consumer prices edged up 0.3 percent, after a 0.2 percent downtick in the previous month.
2021-10-14
Namibia July Inflation Rate Slows to 4%
The annual inflation rate in Namibia eased to 4 percent in July of 2021 from 4.1 percent in June which was the highest inflation rate since May of 2019. Costs slowed for food & non-alcoholic beverages (6.1 percent vs 7.3 percent in June); and housing & utilities (1.2 percent vs 1.3 percent). On the other hand, prices advanced for transport (10.6 percent vs 9.6 percent); furnishings (5.8 percent vs 5.6 percent); health (3.5 percent vs 3.3 percent); and hotels & restaurants (1.0 percent vs 0.4 percent). On a monthly basis, consumer prices inched up 0.2 percent, followed by a 0.5 percent gain in the previous month.
2021-08-12

Namibia Inflation Rate
In Namibia, the most important category in the consumer price index is Housing and Utilities (28.4 percent of total weight). Food and Non-Alcoholic Beverages accounts for 16.5 percent; Transport for 14.3 percent; Alcoholic beverages and Tobacco for 12.6 percent; Furnishings and Household Equipment for 5.5 percent; and Miscellaneous Goods and Services for 5.4 percent. Communication, Education, Recreation and Culture, Clothing and Footwear, Health and Hotels, Cafés and Restaurants account for the remaining 17.6 percent of total weight.