Namibia Inflation Rate  1973-2017 | Data | Chart | Calendar | Forecast

Consumer prices in Namibia increased 6.1 percent year-on-year in June of 2017, easing from a 6.3 percent rise in May. Is is the lowest inflation rate since January last year, as prices went up at a slower pace for transport (5 percent vs 7.1 percent); clothing and footwear (2.7 percent vs 3.4 percent); alcoholic beverages and tobacco (3 percent vs 3.3 percent); furniture (4.2 percent vs 4.9 percent) and communication (4.1 percent vs 4.5 percent). Also, inflation was steady for housing and utilities (9.8 percent) and education (7.8 percent). In contrast, cost accelerated for food and non-alcoholic beverages (4.6 percent vs 3.7 percent); miscellaneous goods and services (6.1 percent vs 5.8 percent); recreation and culture (5.3 percent vs 5.1 percent) and hotels and restaurants (8.7 percent vs 7.6 percent). On a monthly basis, consumer prices edged up 0.1 percent, at the same pace as in the previous month. Inflation Rate in Namibia averaged 9.62 percent from 1973 until 2017, 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.