FNB Namibia Anticipates Inflation Drop to 4.4%

FNB Namibia Anticipates Inflation Drop to 4.4%

FNB Namibia forecasts a decrease in headline inflation from 4.6% in June this year to 4.4% last month. This decline is mainly due to reduced transport inflation, linked to eased costs in personal transport and vehicle purchases. The drop is supported by recent global oil price stabilization and the Mines and Energy ministry's July fuel price cuts. Helena Mboti, an Economist at FNB Namibia.

August 2, 2024 50

Business / Economics

FNB Namibia economist forecasts April inflation

Following the release of the Consumer Price Index for March 2024, which shows the annual inflation rate stood at 4.5% compared to 7.2% recorded in March 2023, by the Namibia Statistics Agency, we contacted Helena Mboti an economist at FNB Namibia to get the bank's inflation forecasts for April 2024.

April 10, 2024 58