Cost of food in Namibia increased 4.70 percent in May of 2020 over the same month in the previous year.
Food Inflation in Namibia averaged 6.51 percent from 2012 until 2020, reaching an all time high of 13.20 percent in January of 2017 and a record low of 1.70 percent in December of 2019. This page provides the latest reported value for - Namibia Food Inflation - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Namibia Food Inflation - values, historical data and charts - was last updated on July of 2020. source: Namibia Statistics Agency
Food Inflation in Namibia is expected to be 5.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Food Inflation in Namibia to stand at 2.70 in 12 months time. In the long-term, the Namibia Food Inflation is projected to trend around 3.10 percent in 2021 and 3.20 percent in 2022, according to our econometric models.