Annual inflation rate in Namibia increased to 7.3% in August of 2022 from 6.8% in July, reaching the highest rate since February of 2017. Biggest upward contribution came from cost of transport (23.2%), due to rising prices for petrol/diesel; food (8.8%), mainly bread, cereals and meat; alcoholic beverages and tobacco (5.2%); and housing and utilities (2%), namely dwelling, and electricity. Compared to the previous month, consumer prices were up 0.3%. source: Central Bureau of Statistics, Namibia
Inflation Rate in Namibia averaged 9.02 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 October of 2022.
Inflation Rate in Namibia is expected to be 8.20 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 5.00 percent in 2023 and 3.80 percent in 2024, according to our econometric models.