The annual inflation rate in Namibia rose to 5.6 percent in November 2018 vs 5.1 percent in October. It was the highest inflation rate since September last year, as prices increased further for food & non-alcoholic beverages (4.7 percent vs 3 percent in October); transport (13.8 percent vs 13.6 percent); alcoholic beverages & tobacco (5.7 percent vs 4.9 percent); furniture & household equipment (2.5 percent vs 0.9 percent); communication (1.3 percent vs 1.1 percent); and recreation & culture (5.1 percent vs 4.8 percent). Meanwhile, cost of clothing & footwear dropped (-0.5 percent vs 0.3 percent) and prices slowed for housing & utilities (3.7 percent vs 3.8 percent); miscellaneous goods & services (3.6 percent vs 4.4 percent) and restaurant & hotels (2.9 percent vs 3.5 percent). Also, inflation was steady for education (9.9 percent, the same as in October) and health (4.8 percent). On a monthly basis, consumer prices went up 0.7 percent, after a 0.4 percent gain in the prior month. Inflation Rate in Namibia averaged 9.46 percent from 1973 until 2018, 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 4.00 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 5.50 in 12 months time. In the long-term, the Namibia Inflation Rate is projected to trend around 6.00 percent in 2020, according to our econometric models.

Namibia Inflation Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-09-13 07:00 AM Inflation Rate YoY 4.4% 4.5% 4.7%
2018-10-11 09:00 AM Inflation Rate YoY 4.8% 4.4% 4.2%
2018-11-15 08:20 AM Inflation Rate YoY 5.1% 4.8% 4.80%
2018-12-13 09:45 AM Inflation Rate YoY 5.6% 5.1% 5.20%
2019-01-11 08:00 AM Inflation Rate YoY 5.6% 4%
2019-02-14 08:05 AM Inflation Rate YoY
2019-03-15 08:40 AM Inflation Rate YoY


Namibia Prices Last Previous Highest Lowest Unit
Inflation Rate 5.60 5.10 20.54 0.94 percent [+]
Consumer Price Index CPI 135.35 134.44 135.35 2.06 Index Points [+]
Food Inflation 4.70 3.00 13.20 2.00 percent [+]
Import Prices 127.80 129.00 129.00 84.10 Index Points [+]
Inflation Rate Mom 0.70 0.40 3.20 -0.30 percent [+]
Cpi Housing Utilities 132.62 132.57 132.62 54.71 Index Points [+]
CPI Transportation 137.34 134.79 137.34 88.70 Index Points [+]
Export Prices 174.00 161.20 174.00 78.80 Index Points [+]
GDP Deflator 162.35 151.98 162.35 81.39 Index Points [+]


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. 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 - actual data, historical chart and calendar of releases - was last updated on December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
5.60 5.10 20.54 0.94 1973 - 2018 percent Monthly
2012M12=100, NSA




Country Last Previous
Argentina 48.00 Nov/18
Australia 1.90 Sep/18
Brazil 4.05 Nov/18
Canada 2.40 Oct/18
China 2.20 Nov/18
Euro Area 2.00 Nov/18
France 1.90 Nov/18
Germany 2.30 Nov/18
India 2.33 Nov/18
Indonesia 3.23 Nov/18
Italy 1.60 Nov/18
Japan 1.40 Oct/18
Mexico 4.72 Nov/18
Netherlands 2.00 Nov/18
Russia 3.80 Nov/18
Saudi Arabia 2.40 Oct/18
Singapore 0.70 Oct/18
South Africa 5.20 Nov/18
South Korea 2.00 Nov/18
Spain 1.70 Nov/18
Switzerland 0.90 Nov/18
Turkey 21.62 Nov/18
United Kingdom 2.40 Oct/18
United States 2.20 Nov/18


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