The annual inflation rate in Namibia rose to 2.1 percent in May of 2020 from 1.6 percent in the previous month. Main upward pressure came from prices of food & non-alcoholic beverages (4.7 percent vs 4.2 percent in April); furnishings (3.7 percent vs 2.2 percent); recreation & culture (5.9 percent vs 5 percent); miscellaneous goods & services (6.1 percent vs 6 percent) and alcoholic beverages & tobacco (2.2 percent vs 0.4 percent). In contrast, costs decreased for transport (-0.1 percent, the same pace as in April); housing & utilities (-0.6 percent vs -0.5 percent) and clothing & footwear (-1.3 percent vs -1.7 percent). On a monthly basis, consumer prices were up 0.4 percent, after decreasing 0.3 percent in the previous month.

Inflation Rate in Namibia averaged 9.26 percent from 1973 until 2020, 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 July of 2020. source: Central Bureau of Statistics, Namibia

Inflation Rate in Namibia is expected to be 2.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Namibia to stand at 2.30 in 12 months time. In the long-term, the Namibia Inflation Rate is projected to trend around 3.00 percent in 2021 and 3.20 percent in 2022, according to our econometric models.

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Namibia Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
2.10 1.60 20.54 0.94 1973 - 2020 percent Monthly
2012M12=100, NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-03-12 10:00 AM Feb 2.5% 2.1% 2.4%
2020-04-14 11:50 AM Mar 2.4% 2.5% 2.2%
2020-05-14 03:00 PM Apr 1.6% 2.4% 2.3%
2020-06-11 02:00 PM May 2.1% 1.6% 2%
2020-07-15 10:00 AM Jun 2.1% 2%
2020-08-13 08:00 AM Jul
2020-09-11 08:00 AM Aug
2020-10-15 09:00 AM Sep 1.7%


News Stream
Namibia May Inflation Rate Edges Up to 2.1%
The annual inflation rate in Namibia rose to 2.1 percent in May of 2020 from 1.6 percent in the previous month. Main upward pressure came from prices of food & non-alcoholic beverages (4.7 percent vs 4.2 percent in April); furnishings (3.7 percent vs 2.2 percent); recreation & culture (5.9 percent vs 5 percent); miscellaneous goods & services (6.1 percent vs 6 percent) and alcoholic beverages & tobacco (2.2 percent vs 0.4 percent). In contrast, costs decreased for transport (-0.1 percent, the same pace as in April); housing & utilities (-0.6 percent vs -0.5 percent) and clothing & footwear (-1.3 percent vs -1.7 percent). On a monthly basis, consumer prices were up 0.4 percent, after decreasing 0.3 percent in the previous month.
2020-06-11
Namibia April Inflation Rate Lowest since 2005
The annual inflation rate in Namibia fell to 1.6 percent in April of 2020 from 2.4 percent in the previous month. This was the softest inflation rate since June of 2005, attributed to the severe demand shock from the Covid-19 and the collapse of oil prices. Main downward pressure came from prices of housing & utilities (-0.5 percent vs -0.3 percent); clothing & footwear (-1.7 percent vs -1.1 percent) and transport (-0.1 percent after being flat in March). In addition, costs slowed for alcoholic beverages & tobacco (0.4 percent vs 2 percent); hotels, cafes & restaurants (1.7 percent vs 2.1 percent) and furnishings (2.2 percent vs 3.1 percent). Conversely, inflation quickened for food & non-alcoholic beverages (4.2 percent vs 2.9 percent) and recreation & culture (5 percent vs 4.6 percent). On a monthly basis, consumer prices went down 0.3 percent, after increasing 0.1 percent in the previous month.
2020-05-14
Namibia Inflation Rate Ticks Down to 2.4% in March
The annual inflation rate in Namibia edged down to 2.4 percent in March of 2020 from 2.5 percent in the prior, amid lower prices oh housing & utilities (-0.3 percent vs -0.5 percent in February) and clothing & footwear (-1.1 percent vs -1.3 percent). Also, inflation slowed for furnishings (3.1 percent vs 3.7 percent); hotels, cafes & restaurants (2.1 percent vs 2.7 percent) and alcoholic beverages & tobacco (2 percent vs 2.7 percent), while remaining steady for transport (at 4.4 percent). In contrast, prices advanced further for food & non-alcoholic beverages (2.9 percent vs 2.8 percent) and recreation & culture (4.6 percent vs 4.4 percent). On a monthly basis, consumer prices went up 0.1 percent, after rising 0.3 percent in the previous month.
2020-04-14
Namibia February Inflation Rate Quickens to 2.5%
The annual inflation rate in Namibia rose to 2.5 percent in February of 2020 from 2.1 percent in the previous month. Main upward pressure came from prices of food & non-alcoholic beverages (2.8 percent vs 2.2 percent in January), namely fruit (15 percent) and vegetables (6.5 percent) amid the impact of locust attacks; alcoholic beverages & tobacco (2.7 percent vs 2.6 percent); recreation & culture (4.4 percent vs 4.3 percent); hotels, cafes & restaurants (2.7 percent vs 1.1 percent) and furnishings (3.7 percent vs 2.9 percent). Meanwhile, costs fell for housing & utilities (-0.5 percent vs 2 percent); clothing & footwear (-1.3 percent vs -0.7 percent). On a monthly basis, consumer prices went up 0.3 percent, down from a 0.6 percent increase in the previous month.
2020-03-12

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.