15 October 2012

Namibia: Price Monster Flexes Muscles in September

Photo: Vanguard
Fuel Que

ANNUAL inflation climbed to its highest level in six months in September, settling at 6,7%, data released by the Namibia Statistics Agency (NSA) showed on Friday.

In August, annual inflation stood at 5,8%.

Annual food inflation was 9,2%, up from 7,2% in August, while annual transport inflation increased from 6% to 6,3%.

Bread and cereal inflation was 11,1% compared to 6,5% in August, while inflation for milk, cheese and eggs climbed form 3,2% to 5,7%. Inflation for vegetables was up from 0,4% to 4,6%, while fruit inflation increased from 3,3% to 4,6%. Inflation for oil and fats climbed from 11,3% to 12%.

Annual inflation for meat and sugar dropped. Meat inflation came down 10,3% to 9,8%, while that of sugar decreased from 11,7% to 8,1%.

Fish moved further into deflationary territory, dropping from minus 2% in August to minus 2,7% in September.

The impact of fuel price increases could be seen under 'Operation of personal transport equipment' in the transport category of the consumer basket. On an annual basis, it increased from 10,7% in August to 12,8% in September.

Copyright © 2012 The Namibian. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 2,000 reports a day from more than 130 news organizations and over 200 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.