The annual inflation rate in Namibia rose to 4.1 percent in June 2021 from 3.8 percent in May. It was the highest inflation rate since May 2019, with main upward pressure coming from transportation (9.6 percent vs 7.3 percent in May), food and non-alcoholic beverages (7.3 percent vs 6.6 percent), furnishings and household equipment (5.6 percent vs 4.5 percent), housing and utilities (1.3 percent, the same as in May), and miscellaneous goods and services (6.4 percent vs 6.7 percent). On a monthly basis, consumer prices went up 0.5 percent in June, compared to 0.3 percent recorded a month earlier. source: Central Bureau of Statistics, Namibia

Inflation Rate in Namibia averaged 9.12 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 August of 2021.

Inflation Rate in Namibia is expected to be 3.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Namibia to stand at 3.20 in 12 months time. 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.

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Namibia Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
4.10 3.80 20.54 0.94 1973 - 2021 percent Monthly
2012M12=100, NSA


Calendar GMT Actual Previous Consensus TEForecast
2021-04-15 08:50 AM Mar 3.1% 2.7% 2.6%
2021-05-14 08:20 AM Apr 3.9% 3.1% 3.2%
2021-06-15 09:25 AM May 3.8% 3.9% 3.6%
2021-07-15 08:50 AM Jun 4.1% 3.8% 3.8%
2021-08-12 08:45 AM Jul 4.1%
2021-09-15 08:00 AM Aug
2021-10-15 12:30 PM Sep
2021-11-12 09:00 AM Oct


News Stream
Namibia June Inflation Rate at Over 2-Year High
The annual inflation rate in Namibia rose to 4.1 percent in June 2021 from 3.8 percent in May. It was the highest inflation rate since May 2019, with main upward pressure coming from transportation (9.6 percent vs 7.3 percent in May), food and non-alcoholic beverages (7.3 percent vs 6.6 percent), furnishings and household equipment (5.6 percent vs 4.5 percent), housing and utilities (1.3 percent, the same as in May), and miscellaneous goods and services (6.4 percent vs 6.7 percent). On a monthly basis, consumer prices went up 0.5 percent in June, compared to 0.3 percent recorded a month earlier.
2021-07-15
Namibia May Inflation Rate Edges Down to 3.8%
The annual inflation rate in Namibia eased to 3.8 percent in May of 2021 from 3.9 percent in April but remained the highest since June of 2019. Prices slowed mostly for alcoholic beverages & tobacco (3.5 percent vs 4.2 percent in April), furnishings (4.5 percent vs 5.3 percent); transport (7.3 percent vs 7.5 percent); communications (2.3 percent vs 3.1 percent) and recreation & culture (1.8 percent vs 2.5 percent). Meanwhile, costs continued to climb for food & non-alcoholic beverages (6.6 percent vs 5.9 percent). On a monthly basis, consumer prices went up 0.3 percent, the least since last December, after a 0.4 percent increase in the prior month.
2021-06-15
Namibia April Inflation Rate at Near 2-Year High
The annual inflation rate in Namibia rose to 3.9 percent in April of 2021 from 3.1 percent in previous month. It was the highest inflation rate since June of 2019. Main upward pressure came from prices of transport (7.5 percent vs 2.4 percent), namely the purchase of vehicles (11 percent vs 8 percent), miscellaneous goods and services (6.6 percent vs 6.4 percent), furnishing (5.3 percent vs 4.1 percent) and alcoholic beverages & tobacco (4.2 percent vs 3.8 percent). Food inflation slowed to 5.9 percent from 6.6 percent. On a monthly basis, consumer prices were up 0.4 percent, after increasing 0.5 percent in the previous month.
2021-05-14
Namibia March Inflation Rate at 1-1/2-Year High
The annual inflation rate in Namibia rose to 3.1 percent in March of 2021 from 2.7 percent in the previous month. It was the highest inflation rate since September of 2019. Main upward pressure came from prices of food and non-alcoholic beverages (6.6 percent vs 5.5 percent in February), especially meat (13.3 percent) and fruit (10.7 percent); transport (2.4 percent vs 0.2 percent), namely the purchase of vehicles (8 percent vs 8.1 percent) and furnishings (4.1 percent vs 3.5 percent). On a monthly basis, consumer prices were up 0.5 percent, after increasing 0.4 percent in the previous month.
2021-04-15

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.