Namibia's consumer price inflation edged up to 3.7 percent year-on-year in August 2019 from 3.6 percent in the previous month, with upward pressure coming from food & non-alcoholic beverages (4.1 percent vs 3.4 percent); alcoholic beverages & tobacco (3.9 percent vs 3.5 percent); and furnishing & household equipment (3 percent vs 1.8 percent). Meanwhile, inflation was unchanged for miscellaneous goods & services (at 2.3 percent), and slowed for housing & utilities (1.9 percent vs 2.2 percent) and transport (6.1 percent vs 6.9 percent). On a monthly basis, consumer prices increased 0.1 percent, after a 0.2 percent gain in July. Inflation Rate in Namibia averaged 9.37 percent from 1973 until 2019, 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 3.70 in 12 months time. In the long-term, the Namibia Inflation Rate is projected to trend around 4.20 percent in 2020, according to our econometric models.