15 February 2013

Namibia: Inflation Up in January

ANNUAL inflation reached 6,6% in January, higher than the 6,3% of December, but lower than the 7,6% of November.

The latest Consumer Price Index (CPI), released by the Namibia Statistics Agency (NSA) yesterday, showed that annual food inflation for January was 8%. Big drivers of food inflation were fish (10,7%), oils and fats (11,5%), vegetables (12,1%) and fruit (9,6%).

Annual inflation for alcoholic drinks stood at 11,2%, while that of tobacco was 6%.

Housing, water, electricity and gas annual inflation was 8,3%, mainly driven by inflation for electricity, gas and other fuels which reached 12,5%.

Annual transport inflation was 6,4%. This was fuelled by annual inflation for public transport (18,5%) and the operation of personal transport equipment (11,3%), which includes petrol and diesel prices.

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