Annual inflation rate in Namibia was steady at 7.1% in October of 2022, the same as in September, and holding close to 2017-highs of 7.3% reached in August. Transport (17.8% vs 19.5% in September) and food and non-alcoholic beverages (9.1% vs 9.3%) continued to make the biggest upward contributions. Other big pressures came from cost of alcoholic beverages and tobacco (6.7% vs 5.6%); housing and utilities (2.3% vs 2.1%); and furnishing household equipment and routine maintenance of the house (9.6% vs 9.4%). Compared to September, the CPI rose 0.2%, following a 0.1% increase in September. source: Central Bureau of Statistics, Namibia
Inflation Rate in Namibia averaged 9.01 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 December of 2022.
Inflation Rate in Namibia is expected to be 6.10 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 5.00 percent in 2023 and 3.80 percent in 2024, according to our econometric models.