The annual inflation rate in Namibia rose to 5.6 percent in April of 2022, from 4.5 percent in the previous month. It was the highest inflation rate since November of 2018, underpinned by prices of transport (+18.9%); hotels, café and restaurants (+9.3 percent); furnishings and household equipment (+7.7 %); and food and non-alcoholic beverages (+5.7%). On a monthly basis, the inflation rate increased by 1.4 percent compared to 0.5 percent recorded a month earlier led by soaring prices of electricity and fuels. source: Central Bureau of Statistics, Namibia

Inflation Rate in Namibia averaged 9.04 percent from 1973 until 2022, 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 May of 2022.

Inflation Rate in Namibia is expected to be 5.00 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 4.50 percent in 2023 and 4.30 percent in 2024, according to our econometric models.

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Namibia Inflation Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-04-14 08:45 AM Mar 4.5% 4.5% 4.7%
2022-05-12 10:00 AM Apr 5.6% 4.5% 4.6%
2022-06-15 08:00 AM May 5.6%


Related Last Previous Unit Reference
Inflation Rate 5.60 4.50 percent Apr 2022
Consumer Price Index CPI 153.01 150.87 points Apr 2022
Inflation Rate Mom 1.40 0.50 percent Apr 2022
CPI Transportation 169.87 160.70 points Apr 2022
CPI Housing Utilities 137.15 136.70 points Apr 2022
GDP Deflator 132.38 131.90 points Dec 2021
Import Prices 106.90 102.90 points Dec 2020
Export Prices 128.20 119.00 points Dec 2020

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.
Actual Previous Highest Lowest Dates Unit Frequency
5.60 4.50 20.54 0.94 1973 - 2022 percent Monthly
2012M12=100, NSA

News Stream
Namibia April Inflation Rate at 3-1/2-Year High
The annual inflation rate in Namibia rose to 5.6 percent in April of 2022, from 4.5 percent in the previous month. It was the highest inflation rate since November of 2018, underpinned by prices of transport (+18.9%); hotels, café and restaurants (+9.3 percent); furnishings and household equipment (+7.7 %); and food and non-alcoholic beverages (+5.7%). On a monthly basis, the inflation rate increased by 1.4 percent compared to 0.5 percent recorded a month earlier led by soaring prices of electricity and fuels.
2022-05-12
Namibia March Inflation Rate Steady at 4.5%
The annual inflation rate in Namibia stood at 4.5% in March of 2022, unchanged from the prior month, but still close to high levels not seen since 2019. Prices slowed as bit for food & non-alcoholic beverages (4.6% vs 5.4% in February); furnishings (8.1% vs 8.2%); restaurants & hotels (8.6% vs 9%) and recreation & culture (3.2% vs 3.4%). At the same time, inflation remained steady for housing & utilities (at 1.3%) and education (at 3.1%), while prices fell further for clothing & footwear (-2.4% vs -1.6%). By contrast, costs accelerated for transportation (13.8% vs 13.2%) and alcoholic beverages & tobacco (4.1% vs 3.5%). On a monthly basis, consumer prices were up 0.5%, after a 0.2% increase in the previous month.
2022-04-14
Namibia Inflation Rate Ticks Down to 4.5% in February
The annual inflation rate in Namibia eased to 4.5 percent in February of 2022, from 4.6 percent in January, which was the highest level since January of 2019. There was a slowdown in prices of transport (13.2 percent vs 13.5 percent in January); furnishings (8.2 percent vs 8.9 percent); food & non-alcoholic beverages & tobacco (5.4 percent vs 5.6 percent) and alcoholic beverages & tobacco (3.5 percent vs 3.9 percent). In addition, costs fell further for clothing & footwear (-1.6 percent vs -1.4 percent) and communications (-1.2 percent vs -1.1 percent). On a monthly basis, consumer prices were up 0.2 percent, slowing from a 1.1% rise in the previous month.
2022-03-15