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.

Namibia Inflation Rate
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Calendar GMT Actual Previous Consensus TEForecast
2019-06-13 08:10 AM Inflation Rate YoY May 4.1% 4.5% 4.8%
2019-07-11 10:00 AM Inflation Rate YoY Jun 3.9% 4.1% 4.2%
2019-08-15 08:20 AM Inflation Rate YoY Jul 3.6% 3.9% 4.0%
2019-09-12 08:15 AM Inflation Rate YoY Aug 3.7% 3.6% 3.8%
2019-10-11 09:00 AM Inflation Rate YoY Sep 3.7% 4.0%
2019-11-15 08:20 AM Inflation Rate YoY Oct 4.1%
2019-12-13 09:00 AM Inflation Rate YoY Nov 4.3%


Namibia Prices Last Previous Highest Lowest Unit
Inflation Rate 3.70 3.60 20.54 0.94 percent [+]
Consumer Price Index CPI 137.80 137.66 137.80 2.06 Index Points [+]
Food Inflation 4.10 3.40 13.20 2.00 percent [+]
Inflation Rate Mom 0.10 0.24 3.20 -0.30 percent [+]
Import Prices 127.80 129.00 129.00 84.10 Index Points [+]
Cpi Housing Utilities 135.00 135.35 135.35 54.71 Index Points [+]
CPI Transportation 136.30 136.22 137.34 88.70 Index Points [+]
Export Prices 174.00 161.20 174.00 78.80 Index Points [+]
GDP Deflator 176.51 165.79 176.51 81.39 Index Points [+]


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. 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 - actual data, historical chart and calendar of releases - was last updated on September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
3.70 3.60 20.54 0.94 1973 - 2019 percent Monthly
2012M12=100, NSA




Country Last Previous
Argentina 53.60 Aug/19
Australia 1.60 Jun/19
Brazil 3.43 Aug/19
Canada 1.90 Aug/19
China 2.80 Aug/19
Euro Area 1.00 Aug/19
France 1.00 Aug/19
Germany 1.40 Aug/19
India 3.21 Aug/19
Indonesia 3.49 Aug/19
Italy 0.40 Aug/19
Japan 0.50 Jul/19
Mexico 3.16 Aug/19
Netherlands 2.80 Aug/19
Russia 4.30 Aug/19
Saudi Arabia -1.30 Jul/19
Singapore 0.40 Jul/19
South Africa 4.30 Aug/19
South Korea 0.00 Aug/19
Spain 0.30 Aug/19
Switzerland 0.30 Aug/19
Turkey 15.01 Aug/19
United Kingdom 1.70 Aug/19
United States 1.70 Aug/19


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