The annual inflation rate in Namibia fell to 2.1 percent in January 2020 from 2.6 percent in the previous month. It was the lowest inflation rate since August 2005, amid slowing prices of alcoholic beverages & tobacco (2.6 percent vs 3.2 percent in December); recreation & culture (4.3 percent vs 5.2 percent): hotels, cafes & restaurants (1.1 percent vs 4.1 percent) and furnishings (2.9 percent vs 3 percent). Also, cost fell for clothing & footwear (-0.7 percent vs 0.5 percent). In contrast, inflation quickened for food & non-alcoholic beverages (2.2 percent vs 1.7 percent); transport (5 percent vs 2 percent); miscellaneous goods & services (6.3 percent vs 1.3 percent) and housing & utilities (2 percent vs 1.9 percent). On a monthly basis, consumer prices went up 0.6 percent, after doping 0.1 percent in the previous month.

Inflation Rate in Namibia averaged 9.31 percent from 1973 until 2020, 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. source: Central Bureau of Statistics, Namibia

Inflation Rate in Namibia is expected to be 2.00 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 4.50 in 12 months time. In the long-term, the Namibia Inflation Rate is projected to trend around 4.70 percent in 2021 and 5.00 percent in 2022, according to our econometric models.


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Namibia Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
2.10 2.60 20.54 0.94 1973 - 2020 percent Monthly
2012M12=100, NSA


Calendar GMT Actual Previous Consensus TEForecast
2019-11-14 09:20 AM Oct 3% 3.3% 3.5%
2019-12-12 08:00 AM Nov 2.5% 3% 3.3%
2020-01-15 08:15 AM Dec 2.6% 2.5% 2.7%
2020-02-13 09:00 AM Jan 2.1% 2.6% 2.9%
2020-03-12 11:00 AM Feb 2.1% 1.9%
2020-04-10 09:00 AM Mar 2%
2020-05-15 10:00 AM Apr
2020-06-12 09:00 AM May


News Stream
Namibia January Inflation Rate at Near 14-1/2-Year Low of 2.1%
The annual inflation rate in Namibia fell to 2.1 percent in January 2020 from 2.6 percent in the previous month. It was the lowest inflation rate since August 2005, amid slowing prices of alcoholic beverages & tobacco (2.6 percent vs 3.2 percent in December); recreation & culture (4.3 percent vs 5.2 percent): hotels, cafes & restaurants (1.1 percent vs 4.1 percent) and furnishings (2.9 percent vs 3 percent). Also, cost fell for clothing & footwear (-0.7 percent vs 0.5 percent). In contrast, inflation quickened for food & non-alcoholic beverages (2.2 percent vs 1.7 percent); transport (5 percent vs 2 percent); miscellaneous goods & services (6.3 percent vs 1.3 percent) and housing & utilities (2 percent vs 1.9 percent). On a monthly basis, consumer prices went up 0.6 percent, after doping 0.1 percent in the previous month.
2020-02-13
Namibia Inflation Rate Ticks Up to 2.6% in December
The annual inflation rate in Namibia increased marginally to 2.6 percent in December 2019 from 2.5 percent in the prior month, amid rising prices of transport (2 percent vs 0.1 percent in November); alcoholic beverages & tobacco (3.2 percent vs 2.7 percent); recreation & culture (5.2 percent vs 4.9 percent); hotels, restaurants & hotels (4.1 percent vs 3.5 percent) and furnishings (3 percent vs 2.6 percent). On the other hand, inflation slowed for food & non-alcoholic beverages (1.7 percent vs 2.9 percent) and clothing & footwear (0.5 percent vs 1.9 percent) while it remained steady for housing & utilities (at 1.9 percent). On a monthly basis, consumer prices dropped 0.1 percent, after increasing 0.1 percent in the previous month.
2020-01-15
Namibia Inflation Rate Lowest since 2005
The inflation rate in Namibia fell to 2.5 percent in November 2019 from 3 percent in the previous month. It was the lowest inflation rate since August 2005, mainly due to a slowdown in prices of food & non-alcoholic beverages (2.9 percent vs 4 percent in October); transport (0.1 percent vs 1.5 percent) and alcoholic beverages & tobacco (2.7 percent vs 3.9 percent). Cost also rose at a softer patch for furnishings (2.6 percent vs 3 percent) and health (2.8 percent vs 3.1 percent). Meantime, inflation was steady for housing & utilities (at 1.9 percent) and education (at 12 percent). On a monthly basis, consumer prices edged up 0.1 percent, after increasing 0.2 percent in the previous month.
2019-12-12
Namibia Inflation Rate Nears 4-1/2-Year Low of 3%
The annual inflation rate in Namibia fell to 3 percent in October 2019 from 3.3 percent in the previous month. It was the lowest inflation rate since May 2015, as prices slowed mostly for food & non-alcoholic beverages (4 percent vs 4.4 percent in September); housing & utilities (1.9 percent vs 2 percent) and transport (1.5 percent vs 2.5 percent). Inflation also softened for furnishings (3 percent vs 3.1 percent); miscellaneous goods & services (1.7 percent vs 2.7 percent); clothing & footwear (0.9 percent vs 1.4 percent); communications (0.8 percent vs 2.5 percent) and health (3.1 percent vs 3.2 percent). Meanwhile, cost rose faster for alcoholic beverages & tobacco (3.9 percent vs 3.3 percent) and recreation & culture (4.6 percent vs 4 percent). On a monthly basis, consumer prices went up 0.2 percent, after increasing 0.3 percent in the previous month.
2019-11-14

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.