The annual inflation rate in Namibia increased marginally to 2.6 percent in December 2019 from 2.5 percent in the prior month, amid rising prices of transport (2 percent vs 0.1 percent in November); alcoholic beverages & tobacco (3.2 percent vs 2.7 percent); recreation & culture (5.2 percent vs 4.9 percent); hotels, restaurants & hotels (4.1 percent vs 3.5 percent) and furnishings (3 percent vs 2.6 percent). On the other hand, inflation slowed for food & non-alcoholic beverages (1.7 percent vs 2.9 percent) and clothing & footwear (0.5 percent vs 1.9 percent) while it remained steady for housing & utilities (at 1.9 percent). On a monthly basis, consumer prices dropped 0.1 percent, after increasing 0.1 percent in the previous month. Inflation Rate in Namibia averaged 9.33 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. source: Central Bureau of Statistics, Namibia

Inflation Rate in Namibia is expected to be 3.40 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 3.80 in 12 months time. In the long-term, the Namibia Inflation Rate is projected to trend around 4.00 percent in 2020, according to our econometric models.


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Namibia Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
2.60 2.50 20.54 0.94 1973 - 2019 percent Monthly
2012M12=100, NSA



Calendar GMT Actual Previous Consensus TEForecast
2019-10-15 09:00 AM Sep 3.3% 3.7% 4.0%
2019-11-14 09:20 AM Oct 3% 3.3% 3.5%
2019-12-12 08:00 AM Nov 2.5% 3% 3.3%
2020-01-15 08:15 AM Dec 2.6% 2.5% 2.7%
2020-02-14 09:00 AM Jan 2.6% 2.9%


News Stream
2019-12-12
Namibia Inflation Rate Lowest since 2005
The inflation rate in Namibia fell to 2.5 percent in November 2019 from 3 percent in the previous month. It was the lowest inflation rate since August 2005, mainly due to a slowdown in prices of food & non-alcoholic beverages (2.9 percent vs 4 percent in October); transport (0.1 percent vs 1.5 percent) and alcoholic beverages & tobacco (2.7 percent vs 3.9 percent). Cost also rose at a softer patch for furnishings (2.6 percent vs 3 percent) and health (2.8 percent vs 3.1 percent). Meantime, inflation was steady for housing & utilities (at 1.9 percent) and education (at 12 percent). On a monthly basis, consumer prices edged up 0.1 percent, after increasing 0.2 percent in the previous month.

2019-11-14
Namibia Inflation Rate Nears 4-1/2-Year Low of 3%
The annual inflation rate in Namibia fell to 3 percent in October 2019 from 3.3 percent in the previous month. It was the lowest inflation rate since May 2015, as prices slowed mostly for food & non-alcoholic beverages (4 percent vs 4.4 percent in September); housing & utilities (1.9 percent vs 2 percent) and transport (1.5 percent vs 2.5 percent). Inflation also softened for furnishings (3 percent vs 3.1 percent); miscellaneous goods & services (1.7 percent vs 2.7 percent); clothing & footwear (0.9 percent vs 1.4 percent); communications (0.8 percent vs 2.5 percent) and health (3.1 percent vs 3.2 percent). Meanwhile, cost rose faster for alcoholic beverages & tobacco (3.9 percent vs 3.3 percent) and recreation & culture (4.6 percent vs 4 percent). On a monthly basis, consumer prices went up 0.2 percent, after increasing 0.3 percent in the previous month.

2019-10-15
Namibia Inflation Rate at Near 4-Year Low
Namibia's annual inflation rate declined to 3.3 percent in September 2019, its lowest level since November 2015, from 3.7 percent in the previous month, as prices slowed mostly for transport (2.5 percent vs 6.1 percent in August); alcoholic beverages & tobacco (3.3 percent vs 3.9 percent) and restaurants & hotels (2.8 percent vs 3.4 percent). In contrast, cost continued to advance for food & non-alcoholic beverages (4.4 percent vs 4.1 percent); housing & utilities (2.0 percent vs 1.9 percent); miscellaneous goods & services (2.7 percent vs 2.3 percent); furnishings (3.1 percent vs 3.0 percent); communications (2.5 percent vs 1.7 percent) and recreation & culture (4 percent vs 3.5 percent). On a monthly basis, consumer prices went up 0.3 percent, after rising 0.1 percent in the previous month.

2019-09-12
Namibia Inflation Rate Rises to 3.7% in August
Namibia's consumer price inflation edged up to 3.7 percent year-on-year in August 2019 from 3.6 percent in the previous month, with upward pressure coming from food & non-alcoholic beverages (4.1 percent vs 3.4 percent); alcoholic beverages & tobacco (3.9 percent vs 3.5 percent); and furnishing & household equipment (3 percent vs 1.8 percent). Meanwhile, inflation was unchanged for miscellaneous goods & services (at 2.3 percent), and slowed for housing & utilities (1.9 percent vs 2.2 percent) and transport (6.1 percent vs 6.9 percent). On a monthly basis, consumer prices increased 0.1 percent, after a 0.2 percent gain in July.

2019-08-15
Namibia July Inflation Rate at Near 1-1/2-Year Low
The annual inflation rate in Namibia fell further to 3.6 percent in July 2019 from 3.9 percent in the previous month, reaching its lowest level since April last year. Prices slowed for food & non-alcoholic beverages (3.4 percent vs 3.9 percent in June); transport (6.9 percent vs 7.0 percent); alcoholic beverages & tobacco (3.5 percent vs 5.5 percent); hotels, cafes & restaurants (3.9 percent vs 5.4 percent) and recreation & culture (3.2 percent vs 4.0 percent). Meanwhile, cost was higher for housing & utilities (2.2 percent vs 2.0 percent). On a monthly basis, consumer prices went up 0.2 percent, up from a 0.1 percent increase in the preceding month.

2019-07-11
Namibia Inflation Rate Slows to Over 1-Year Low
The annual inflation rate in Namibia fell to 3.9 percent in June 2019 from 4.1 percent in the previous month, hitting its lowest level since May last year. Prices slowed mostly for food & non-alcoholic beverages (3.9 percent vs 4.4 percent); transport (7.0 percent vs 7.6 percent); miscellaneous good & services (1.8 percent vs 2.2 percent) and for recreation & culture (4.0 percent vs 4.5 percent). On the other hand, cost advanced faster for housing & utilities (2.0 percent vs 1.9 percent); furniture & household equipment (1.1 percent vs 1.0 percent) and hotels, cafes & restaurants (5.4 percent vs 4.7 percent) while inflation was steady for alcoholic beverages & tobacco (at 5.5 percent). On a monthly basis, consumer prices increased 0.1 percent, rebounding from a 0.1 percent drop in the previous month.


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.

Namibia Prices Last Previous Highest Lowest Unit
Inflation Rate 2.60 2.50 20.54 0.94 percent [+]
Consumer Price Index CPI 138.54 138.70 138.70 2.06 points [+]
Food Inflation 1.70 2.90 13.20 1.70 percent [+]
Inflation Rate Mom -0.10 0.10 3.20 -0.30 percent [+]
Import Prices 127.80 129.00 129.00 84.10 points [+]
Cpi Housing Utilities 135.16 135.17 135.35 54.71 points [+]
CPI Transportation 137.55 137.41 137.55 88.70 points [+]
Export Prices 174.00 161.20 174.00 78.80 points [+]
GDP Deflator 176.51 165.79 176.51 81.39 points [+]