The annual inflation rate in Namibia stood at 4.5 percent in April 2019, unchanged from the previous month. Prices advanced at a slower pace mostly for food & non-alcoholic beverages (5.3% vs 5.8% in March); miscellaneous goods & services (2.2% vs 2.3%) and clothing & footwear (0.6% vs 0.8%). Meanwhile, cost was higher for housing & utilities (2.2% vs 2.1%); transport (7.1% vs 7.0%); alcoholic beverages & tobacco (7.5% vs 6.7%) and furnishings (1.0% vs 0.6%). On a monthly basis, consumer prices went up 0.4 percent, following a 0.2 percent increase in the prior month. Inflation Rate in Namibia averaged 9.41 percent from 1973 until 2019, 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.
Inflation Rate in Namibia is expected to be 5.40 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 5.40 in 12 months time. In the long-term, the Namibia Inflation Rate is projected to trend around 4.80 percent in 2020, according to our econometric models.