The annual inflation rate in Namibia rose to 2.40 percent in August of 2020 from 2.1 percent a month earlier. It was the highest inflation rate since March. Main upward pressure came from prices of food & non-alcoholic beverages (6.8 percent vs 6.1 percent in July); education (7 percent, the same pace as in July); miscellaneous goods & services (5.8 percent vs 5.9 percent); communications (3.2 percent vs 2.3 percent) and transport (1.2 percent vs -1.2 percent). In contrast, cost fell for housing & utilities (-1.5 percent, the same pace as in July); clothing & footwear (-5.1 percent vs 4.3 percent) and restaurants & hotels (-0.9 percent vs 0.8 percent). On a monthly basis, consumer prices went up 0.4 percent, after increasing 0.2 percent in the prior month.

Inflation Rate in Namibia averaged 9.23 percent from 1973 until 2020, 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 September of 2020. source: Central Bureau of Statistics, Namibia

Inflation Rate in Namibia is expected to be 1.70 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 2.50 in 12 months time. In the long-term, the Namibia Inflation Rate is projected to trend around 3.00 percent in 2021 and 3.20 percent in 2022, according to our econometric models.

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Namibia Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
2.40 2.10 20.54 0.94 1973 - 2020 percent Monthly
2012M12=100, NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-06-11 02:00 PM May 2.1% 1.6% 2%
2020-07-15 11:00 AM Jun 2.1% 2.1% 2%
2020-08-13 08:45 AM Jul 2.1% 2.1% 2.3%
2020-09-15 08:00 AM Aug 2.4% 2.1% 2%
2020-10-15 09:00 AM Sep 2.4% 1.7%
2020-11-13 09:00 AM Oct
2020-12-14 09:00 AM Nov
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
Namibia August Inflation Rate at 5-Month High of 2.4%
The annual inflation rate in Namibia rose to 2.40 percent in August of 2020 from 2.1 percent a month earlier. It was the highest inflation rate since March. Main upward pressure came from prices of food & non-alcoholic beverages (6.8 percent vs 6.1 percent in July); education (7 percent, the same pace as in July); miscellaneous goods & services (5.8 percent vs 5.9 percent); communications (3.2 percent vs 2.3 percent) and transport (1.2 percent vs -1.2 percent). In contrast, cost fell for housing & utilities (-1.5 percent, the same pace as in July); clothing & footwear (-5.1 percent vs 4.3 percent) and restaurants & hotels (-0.9 percent vs 0.8 percent). On a monthly basis, consumer prices went up 0.4 percent, after increasing 0.2 percent in the prior month.
2020-09-16
Namibia July Inflation Rate Remains Steady at 2.1%
The annual inflation rate was steady for the third straight month at 2.1 percent in July of 2020, amid a further decrease in prices of transport (-1.2 percent vs -0.8 percent); clothing & footwear (-4.3 percent vs -1.8 percent) and housing & utilities (-1.5 percent vs -0.6 percent). In contrast, inflation quickened mostly for food & non-alcoholic beverages (6.1 percent vs 4.7 percent); recreation & culture (6.5 percent vs 5.8 percent) and alcoholic beverages & tobacco (4.5 percent vs 3.6 percent). On a monthly basis, consumer prices were up 0.2 percent, the same pace as in the preceding month.
2020-08-13
Namibia Inflation Rate Steady at 2.1% in June
The annual inflation rate in Namibia stood at 2.1 percent in June of 2020, unchanged from the prior month. Prices continued to fall for housing & utilities (-0.6 percent, the same pace as in May); transport (-0.8 percent vs -0.1 percent) and clothing & footwear (-1.8 percent vs -1.3 percent). Meantime, inflation remained steady for food & non-alcoholic beverages (at 4.7 percent) and it slowed for recreation & culture (5.8 percent vs 5.9 percent) and furnishings (2.8 percent vs 3.7 percent). On a monthly basis, consumer prices increased 0.2 percent, following a 0.4 percent rise in the previous month.
2020-07-15
Namibia May Inflation Rate Edges Up to 2.1%
The annual inflation rate in Namibia rose to 2.1 percent in May of 2020 from 1.6 percent in the previous month. Main upward pressure came from prices of food & non-alcoholic beverages (4.7 percent vs 4.2 percent in April); furnishings (3.7 percent vs 2.2 percent); recreation & culture (5.9 percent vs 5 percent); miscellaneous goods & services (6.1 percent vs 6 percent) and alcoholic beverages & tobacco (2.2 percent vs 0.4 percent). In contrast, costs decreased for transport (-0.1 percent, the same pace as in April); housing & utilities (-0.6 percent vs -0.5 percent) and clothing & footwear (-1.3 percent vs -1.7 percent). On a monthly basis, consumer prices were up 0.4 percent, after decreasing 0.3 percent in the previous month.
2020-06-11

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.