The annual inflation rate in Namibia ticked up to 4.5 percent in March 2019 from 4.4 percent in February, as prices rose faster for housing & utilities (2.1% vs 1.9%); miscellaneous goods & services (2.3% vs 1.8%); alcoholic beverages & tobacco (6.7% vs 6.2%) and rebounded for clothing & footwear (0.8% vs -0.7%). Also, inflation remained elevated for education (11.4 percent). Meanwhile, cost slowed for food & non-alcoholic beverages (5.8% vs 5.9%); transport (7.0% vs 7.5%); furnishings (0.6% vs 1.2%); communication (1.0% vs 1.3%); recreation & culture (6.2% vs 6.4%) and hotels, cafes and restaurants (5.3% vs 5.5%). On a monthly basis, consumer prices increased 0.2 percent, following a 0.1 percent drop in the previous month. Inflation Rate in Namibia averaged 9.42 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 5.40 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 5.40 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.