13 June 2019

Namibia: Inflation Down in May

The annual inflation dropped to 4,1% in May, compared to 4,5% seen during April.

However, the rate was higher than the 3,8% recorded in May 2018.

In a statement released this morning, the Namibia Statistics Agency (NSA) said the increase was as a result of increases in Food and non-alcoholic beverages from 3,9% to 4,4%, education from 9,9% to 12%, transport from 5,6% to 7,6%, communications from -0,1% to 1,3%, recreation and culture from 2,4% to 4,5% and hotels, cafes and restaurants from 3,3% to 4,7%.

"The twelve months average annual and average monthly inflation rates from June 2018 to May 2019 stood at 4,6% and 0,3%. Corresponding rates recorded during the same period a year earlier stood at 4,7% and 0,3% respectively," NSA's statistician general Alex Shimuafeni said.

He added that the average annual and average monthly inflation rates for the period January 2019 to May 2019 were estimated as 4,4% and 0,3% respectively.

Namibia

Pregnant Domestic Workers Face Hardship

Lack of maternity leave rights, sexual harassment, safety and lack of employment contracts continue to haunt domestic… Read more »

See What Everyone is Watching

More From: Namibian

Don't Miss

AllAfrica publishes around 700 reports a day from more than 140 news organizations and over 500 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.