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.

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Namibia Inflation Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-10-13 08:00 AM Sep 7.1% 7.3% 7.7%
2022-11-15 08:40 AM Oct 7.1% 7.1% 6.8%
2022-12-14 08:00 AM Nov 7.1%


Related Last Previous Unit Reference
Inflation Rate 7.10 7.10 percent Oct 2022
Consumer Price Index CPI 157.10 156.89 points Oct 2022
Inflation Rate MoM 0.20 0.10 percent Oct 2022
CPI Transportation 176.30 177.57 points Oct 2022
CPI Housing Utilities 138.10 137.96 points Oct 2022
Import Prices 112.20 108.00 points Dec 2021
GDP Deflator 132.38 131.90 points Dec 2021
Export Prices 128.90 126.90 points Dec 2021

Namibia Inflation Rate
In Namibia, the most important category in the consumer price index is Housing and Utilities (28 percent of total weight). Food and Non-Alcoholic Beverages accounts for 17 percent; Transport for 14 percent; Alcoholic beverages and Tobacco for 13 percent; Furnishings and Household Equipment for 6 percent; and Miscellaneous Goods and Services for 5 percent. Communication, Education, Recreation and Culture, Clothing and Footwear, Health and Hotels, Cafés and Restaurants account for the remaining 18 percent of total weight.
Actual Previous Highest Lowest Dates Unit Frequency
7.10 7.10 20.54 0.94 1973 - 2022 percent Monthly
2012M12=100, NSA

News Stream
Namibia Inflation Rate Steady at 7.1%
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.
2022-11-15
Namibia Inflation Rate Ticks Down in September
The annual inflation rate in Namibia eased marginally to 7.1% in September of 2022 from an over five-year high of 7.3% in August, mainly due to a slight slowdown in prices of transport (19.5% vs 23.2% in August). Meanwhile, costs accelerated further for food & non-alcoholic beverages (9.3% vs 8.8%); restaurants & hotels (11% vs 9.3%) and miscellaneous goods & services (3.8% vs 3.4%). On a monthly basis, consumer prices edged up 0.1%, after increasing 0.3% in the previous month.
2022-10-13
Namibia Inflation Rate Continues to March Higher
Annual inflation rate in Namibia increased to 7.3% in August of 2022 from 6.8% in July, reaching the highest rate since February of 2017. Biggest upward contribution came from cost of transport (23.2%), due to rising prices for petrol/diesel; food (8.8%), mainly bread, cereals and meat; alcoholic beverages and tobacco (5.2%); and housing and utilities (2%), namely dwelling, and electricity. Compared to the previous month, consumer prices were up 0.3%.
2022-09-15