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.