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.