The annual inflation rate in Namibia ticked up to 3.5 percent in September of 2021, from 3.4 percent in August. The main contributions to the rise in inflation were transport (7.5 percent vs 6.2 percent in August) food & non-alcoholic beverages (5 percent vs 5.2 percent); miscellaneous goods & services (6.6 percent vs 6.2 percent) and furnishings (4.8 percent vs 4.6 percent). Prices also went up for furnishings (4.8 percent vs 4.6 percent); alcoholic beverages 6 tobacco (3 percent vs 2.9 percent) and housing & utilities (1.3 percent vs 1.6 percent). On a monthly basis, consumer prices edged up 0.3 percent, after a 0.2 percent downtick in the previous month. source: Central Bureau of Statistics, Namibia
Inflation Rate in Namibia averaged 9.09 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 October of 2021.
Inflation Rate in Namibia is expected to be 3.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. 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.