Simonis Storm Economist

Inflation Slows as November Shows Price Stability

Headline inflation eased to 3.4% in November from 3.6% in October, approaching the 3.0% recorded a year ago. Month-on-month prices remained unchanged following a 0.5% rise in October due to temporary utility hikes. For the year, inflation averages 3.9%, higher than 3.3% in 2024, driven by cost pressures in housing, utilities, and food. Economist Almandro Jansen of Simonis Storm comments on the trends.

9 December, 2025

Namibia

Vehicle Sales Plummet in April 2024, Marking Year’s Lowest Figures

In April 2024, vehicle sales plummeted to 899 units, down from 1,451 units in March and 1,004 units in April last year, representing a negative growth rate of 38.0% month-on-month and 10.5% year-on-year. The decline, driven primarily by commercial vehicles, was the lowest monthly sales recorded this year. Simonis Storm Economist, Halleluya Ndimulunde.

21 May, 2024

Business / Economics

March 2024 Vehicle Sales Reach Highest Level Since July 2016

Simonis Storm Economist, Halleluya Ndimulunde, commented on the March 2024 vehicle sales, stating that out of the 1,451 vehicles sold, 1,269 were purchased by dealerships and 182 by rental agencies, with no sales to the government. Commercial vehicles were the main driver behind the surge in sales.

19 April, 2024