Food and housing drive inflation

Food and housing drive inflation

The annual inflation rate was 4.4% in August, down from 4.7% in August 2023. Monthly inflation increased to 0.3% from 0.2% in the previous month. Key contributors to inflation were food and non-alcoholic beverages and housing, water, electricity, gas, and other fuels, each contributing 1%. Namibia Statistics Agency spokesperson, Mirjam Shihepo.

September 10, 2024 27

Business / Economics

29 April 2024 Morning Biz News: Biz News Roundup: Landlords Seize Opportunity, Rand Strengthens, Nigeria Secures Investment, and Dollar Hits High

Namibian Landlords Capitalize on Rental Demand Surge: Landlords in Namibia are making the most of increased demand for rental properties by raising deposits, as reported by the FNB Rent Price Index. Despite a slight decline in deposit growth in the fourth quarter of 2023 compared to the previous quarter, it remained significantly higher than the same period in 2022. This trend reflects the buoyancy of the rental market amidst changing […]

April 29, 2024 20

Business / Economics

Namibia records decrease in December inflation

The Namibia Statistics Agency has just released the December inflation figure, which stood at 5.3%, marking a decrease from 5.7% in November and 6.9% reported in December 2022. Here is the NSA's Public Relations Officer Mirjam Shihepo.

January 11, 2024 55