The Namibian (Windhoek)

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.

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