The annual inflation rate in Namibia eased to a ten-month low of 6.1% in April 2023, down from 7.2% in the prior month. Prices slowed down mostly for transportation (3.8% vs 9.2% in March); food & non-alcoholic beverages (13.5% vs 14.6%); restaurants & hotels (5.3% vs 6%) and housing & utilities (2.6% vs 3%). On a monthly basis, consumer prices went up by 0.4% in April, after increasing by 0.6% in the prior month. source: Central Bureau of Statistics, Namibia

Inflation Rate in Namibia averaged 8.99 percent from 1973 until 2023, 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 June of 2023.

Inflation Rate in Namibia is expected to be 5.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations.

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Namibia Inflation Rate



Calendar GMT Actual Previous Consensus TEForecast
2023-04-13 08:15 AM Mar 7.2% 7.2% 6.8% 6.8%
2023-05-11 08:15 AM Apr 6.1% 7.2% 7.1%
2023-06-13 08:15 AM May 6.1% 5.8%


Related Last Previous Unit Reference
Inflation Rate 6.10 7.20 percent Apr 2023
Consumer Price Index CPI 162.37 161.74 points Apr 2023
Inflation Rate MoM 0.40 0.60 percent Apr 2023
CPI Transportation 176.34 175.45 points Apr 2023
CPI Housing Utilities 140.67 140.76 points Apr 2023
Import Prices 112.00 109.90 points Dec 2022
GDP Deflator 143.08 133.45 points Dec 2022
Export Prices 138.00 124.90 points Dec 2022

Namibia Inflation Rate
In Namibia, the most important category in the consumer price index is Housing and Utilities (28 percent of total weight). Food and Non-Alcoholic Beverages accounts for 17 percent; Transport for 14 percent; Alcoholic beverages and Tobacco for 13 percent; Furnishings and Household Equipment for 6 percent; and Miscellaneous Goods and Services for 5 percent. Communication, Education, Recreation and Culture, Clothing and Footwear, Health and Hotels, Cafés and Restaurants account for the remaining 18 percent of total weight.
Actual Previous Highest Lowest Dates Unit Frequency
6.10 7.20 20.54 0.94 1973 - 2023 percent Monthly
2012M12=100, NSA

News Stream
Namibia Inflation Rate Down to 10-Month Low of 6.1%
The annual inflation rate in Namibia eased to a ten-month low of 6.1% in April 2023, down from 7.2% in the prior month. Prices slowed down mostly for transportation (3.8% vs 9.2% in March); food & non-alcoholic beverages (13.5% vs 14.6%); restaurants & hotels (5.3% vs 6%) and housing & utilities (2.6% vs 3%). On a monthly basis, consumer prices went up by 0.4% in April, after increasing by 0.6% in the prior month.
2023-05-11
Namibia Inflation Rate Steady at 6-Month High
The annual inflation rate in Namibia stood at a six-month high of 7.2% in March 2023, unchanged from the previous month and above market forecasts of 6.8%. Upward pressure continued to come mostly from prices of food & non-alcoholic beverages (14.6% vs 14% in February) and transportation (9.2% vs 9.9%). Prices also continued to rise significantly for furnishings & household equipment (7.4% sv 7.6%); miscellaneous goods & services (7.3% vs 7%); alcoholic beverages & tobacco (6.9% vs 7.1%); restaurants & hotels (6% vs 5.4%) and recreation & culture (6% vs 5.2%). On a monthly basis, consumer prices rose by 0.6% in March, up from a 0.4% increase in the prior month and also overshooting market estimates of 0.4%.
2023-04-13
Namibia Inflation Rate Rises to 6-Month High
The annual inflation rate in Namibia ticked up to 7.2% in February 2023, the highest in six months, from 7% in the prior month. Upward pressure came mostly from prices of food & non-alcoholic beverages (14%, the same as in January); transportation (9.9% vs 11.1%); furnishings & household equipment (7.6% vs 6%); alcoholic beverages & tobacco (7.1% vs 5.8%) and miscellaneous goods & services (7% vs 7.2%). On a monthly basis, consumer prices were up by 0.4%, following a 1.1% increase in the previous month, amid a sharp slowdown in prices of miscellaneous goods & services (0.2% vs 2.9%); alcoholic beverages & tobacco (0.4% vs 2.5%); health (0.3% vs 1.8%) and housing & utilities (0.2% vs 1.7%).
2023-03-15