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Annual inflation for April slows down y-o-y

Annual inflation for April slows down y-o-y

According to the latest Consumer Price Index, the annual inflation rate for April 2018 slowed to 3.6% as compared to 6.7% recorded in April 2017 while on a monthly basis it increased to 0.3%.

The slowdown in the annual inflation rate resulted from the price levels of Housing, water, electricity, gas and other fuels (9.4% to 3.4%), Alex Shimuafeni, Statistician-General and Chief Executive at the Namibia Statistics Agency said.

Furthermore, the highest drivers of inflation during the month under review were Education (9.9%), Transport (5.8%) and Health (5.6%).

The category ‘Food and non-alcoholic beverages’ slowed to 2.9% compared to 5.8% registered during the same period last year, resulting in a decrease of 2.9% which is half of 5.8%.

Meanwhile, the annual inflation rate for Alcoholic beverages and tobacco for the month of April 2018 stood at 4.7% compared to 3.9% recorded during the same period last year, resulting in an increase of 0.8%. This increase resulted from increases in the price levels of alcoholic beverages sub category that increased by 1.5%.

Additionally, the annual inflation rate for Hotels, cafes and restaurants stood at 2.4% in April 2018 compared to 8.3% recorded in April 2017, resulting in a decrease of 5.9%. The decrease resulted from declines witnessed in the price levels of Accommodation services which dropped from 10.6% recorded in April 2017 to -0,5% registered in April 2018.


About The Author

Windhoek – Flat to let near central business district

One Bedroom flat available for single tenant

Separate bedroom, separate bathroom, combined kitchen and lounge

Airconditioning in lounge

Secure yard with one inside parking bay

Parking bay under shade netting

Walking distance from the CBD

One block away from Wernhil Shopping Mall

Quiet street – G4S security

Water included, electricity excluded

Monthly rent: N$5289.00 excluding electricity

Deposit: N$2500

To view please contact Mrs Don Camm

Tel: 061 221925