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.