Namibia: Annual Inflation Dropped to 4.7 Percent in January From 5.1 Percent in December

18 February 2019

Windhoek — This year opened with the annual inflation rate at 4.7 percent, which was a 1.1 percentage point higher than the 3.6 percent registered in January 2018. However, this is still lower than 5.1 percent in December 2018 and 5.6 percent in November 2018.

The most recent figures from the Namibia Statistics Agency indicate that during January 2019 annual price levels of Education (12.0 percent), Transport (7.3 percent), Alcoholic beverages and tobacco (6.4 percent) and Food and non-alcoholic beverages (5.7 percent) were the main drivers of the annual inflation rate.

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