The annual inflation rate in Namibia rose further to 6.8 percent in July of 2022 from 6 percent in the previous month. It was the highest reading since March of 2017, mainly due to soaring prices of transport (20.9 percent vs 18.6 percent in June); food & non-alcoholic beverages (8.4 percent vs 7 percent), of which oils & fats (26.5 percent) and fruit (24.5 percent) and hotels, cafes & restaurants (9.8 percent vs 8.6 percent). On a monthly basis, consumer prices increased by 1 percent, the same pace as in the previous month. source: Central Bureau of Statistics, Namibia

Inflation Rate in Namibia averaged 9.02 percent from 1973 until 2022, 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 August of 2022.

Inflation Rate in Namibia is expected to be 6.30 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 4.00 percent in 2023 and 3.70 percent in 2024, according to our econometric models.

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Namibia Inflation Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-07-14 08:30 AM Jun 6% 5.4% 5.7%
2022-08-11 08:00 AM Jul 6.8% 6% 6.5%
2022-09-15 08:30 AM Aug 6.8%


Related Last Previous Unit Reference
Inflation Rate 6.80 6.00 percent Jul 2022
Consumer Price Index CPI 156.20 154.71 points Jul 2022
Inflation Rate MoM 1.00 1.00 percent Jul 2022
CPI Transportation 180.00 174.68 points Jul 2022
CPI Housing Utilities 137.40 136.87 points Jul 2022
GDP Deflator 132.38 131.90 points Dec 2021
Import Prices 106.90 102.90 points Dec 2020
Export Prices 128.20 119.00 points Dec 2020

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.
Actual Previous Highest Lowest Dates Unit Frequency
6.80 6.00 20.54 0.94 1973 - 2022 percent Monthly
2012M12=100, NSA

News Stream
Namibia July Inflation Rate at Over 5-Year High
The annual inflation rate in Namibia rose further to 6.8 percent in July of 2022 from 6 percent in the previous month. It was the highest reading since March of 2017, mainly due to soaring prices of transport (20.9 percent vs 18.6 percent in June); food & non-alcoholic beverages (8.4 percent vs 7 percent), of which oils & fats (26.5 percent) and fruit (24.5 percent) and hotels, cafes & restaurants (9.8 percent vs 8.6 percent). On a monthly basis, consumer prices increased by 1 percent, the same pace as in the previous month.
2022-08-11
Namibia June Inflation Rate Hits 5-Year High of 6%
The annual inflation rate in Namibia climbed to 6 percent in June of 2022 from 5.4 percent in the previous month. It was the highest reading since June of 2017, underpinned by prices of transport (18.6% vs 16.7% in May); food & non-alcoholic beverages (7% vs 6.6%) and hotels, cafes and restaurants (8.6% vs 8.5%). On a monthly basis, consumer prices inched up by 1%, following a 0.1% uptick in the previous month.
2022-07-14
Namibia May Inflation Rate Ticks Down to 5.4%
The annual inflation rate in Namibia eased to to 5.4 percent in May of 2022 from 5.6 percent in the previous month. Costs slowed for housing and utilities (1.3 percent vs 1.7 percent in April); transport (16.7 percent v s18.9 percent); hotels, café and restaurants (8.5 percent vs 9.3 percent); and furnishings and household equipment (7.5 percent vs 7.7 percent). Meanwhile, prices quickened for food and non-alcoholic beverages (6.6 percent vs 5.7 percent); and recreation and culture (4.3 percent vs 1.1 percent). On a monthly basis, the inflation rate edged up 0.1 percent, the lowest in 9 months and slowing sharply from a 1.4 percent rise in April.
2022-06-15