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. source: Central Bureau of Statistics, Namibia
Inflation Rate in Namibia averaged 9.03 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 July 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.