The annual inflation rate in Namibia rose to 3.1 percent in March of 2021 from 2.7 percent in the previous month. It was the highest inflation rate since September of 2019. Main upward pressure came from prices of food and non-alcoholic beverages (6.6 percent vs 5.5 percent in February), especially meat (13.3 percent) and fruit (10.7 percent); transport (2.4 percent vs 0.2 percent), namely the purchase of vehicles (8 percent vs 8.1 percent) and furnishings (4.1 percent vs 3.5 percent). On a monthly basis, consumer prices were up 0.5 percent, after increasing 0.4 percent in the previous month. source: Central Bureau of Statistics, Namibia

Inflation Rate in Namibia averaged 9.14 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 May of 2021.

Inflation Rate in Namibia is expected to be 2.50 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 2.50 percent in 2022 and 2.40 percent in 2023, according to our econometric models.

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Namibia Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
3.10 2.70 20.54 0.94 1973 - 2021 percent Monthly
2012M12=100, NSA


Calendar GMT Actual Previous Consensus TEForecast
2021-01-14 11:00 AM Dec 2.4% 2.2% 2.3%
2021-02-11 01:40 PM Jan 2.7% 2.4% 2.4%
2021-03-11 10:00 AM Feb 2.7% 2.7% 2.5%
2021-04-15 08:50 AM Mar 3.1% 2.7% 2.6%
2021-05-13 12:00 PM Apr 3.1% 3.2%
2021-06-11 02:00 PM May
2021-07-15 11:00 AM Jun
2021-08-13 08:45 AM Jul


News Stream
Namibia March Inflation Rate at 1-1/2-Year High
The annual inflation rate in Namibia rose to 3.1 percent in March of 2021 from 2.7 percent in the previous month. It was the highest inflation rate since September of 2019. Main upward pressure came from prices of food and non-alcoholic beverages (6.6 percent vs 5.5 percent in February), especially meat (13.3 percent) and fruit (10.7 percent); transport (2.4 percent vs 0.2 percent), namely the purchase of vehicles (8 percent vs 8.1 percent) and furnishings (4.1 percent vs 3.5 percent). On a monthly basis, consumer prices were up 0.5 percent, after increasing 0.4 percent in the previous month.
2021-04-15
Namibia January Inflation Rate at Over 1-Year High
The annual inflation rate in Namibia rose to 2.7 percent in January of 2021 from 2.4 percent in the prior month. It was the highest inflation rate since October of 2019, mainly pushed up by prices of miscellaneous goods & services (6.5 percent vs 5.6 percent in December); alcoholic beverages & tobacco (5 percent vs 4.3 percent); furnishings (4.1 percent vs 3.9 percent); health (3.7 percent vs 2.8 percent) and housing & utilities (1 percent vs -1.3 percent). On a monthly basis, consumer prices inched up 0.9 percent, after being flat in the previous month.
2021-02-11
Namibia Inflation Rate Edges Up to 2.4% in December
The annual inflation rate in Namibia rose to 2.4 percent in December of 2020 from 2.2 percent in the previous month. Main upward pressure came from prices of food & non-alcoholic beverages (7.6 percent vs 7 percent in November); education (7 percent, the same pace as in November); miscellaneous goods & services (5.6 percent vs 5 percent); communications (4.3 percent vs 4.1 percent) and furnishings (3.9 percent vs 3.4 percent). On a monthly basis, consumer prices were flat, after increasing 0.1 percent in the previous month.
2021-01-14
Namibia November Inflation Rate at 4-Month Low
The annual inflation rate in Namibia eased to 2.2 percent in November of 2020 from 2.3 percent in the previous month, reaching its lowest level since July. Prices continued to fall for clothing & footwear (-6.5 percent vs -6.1 percent in October); housing & utilities (-1.3 percent, the same pace as in October) and transport (-1.2 percent, the same pace as in October). Inflation also slowed slightly for food & non-alcoholic beverages (7 percent vs 7.1 percent); recreation & culture (4.3 percent vs 5.5 percent) and miscellaneous goods & services (5 percent vs 5.4 percent). On a monthly basis, consumer prices were up 0.1 percent, the same pace as in the previous month.
2020-12-16

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.