The annual inflation rate in Namibia fell to 4.7 percent in January 2019 from 5.1 percent in the previous month. It was the lowest inflation rate since August last year, as prices slowed for housing & utilities (2.9 percent from 3.1 percent in December); transport (7.3 percent from 10.9 percent); furniture & household equipment (1.7 percent from 2.0 percent); miscellaneous goods & services (1.6 percent from 4.0 percent); and health (2.0 percent from 4.8 percent). Also, cost of fell further (-0.7 percent from -0.2 percent). Meanwhile, prices rose at a faster pace for food & non-alcoholic beverages (5.7 percent from 5.2 percent); alcoholic beverages & tobacco (6.4 percent from 5.9 percent); restaurant & hotels (5.0 percent from 4.3 percent) and education (12 percent from 9.9 percent). On a monthly basis, consumer prices went up 1.2 percent, after decreasing 0.2 percent in the prior month. Inflation Rate in Namibia averaged 9.44 percent from 1973 until 2019, 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.
Inflation Rate in Namibia is expected to be 4.50 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 5.60 in 12 months time. In the long-term, the Namibia Inflation Rate is projected to trend around 4.80 percent in 2020, according to our econometric models.