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Annual average inflation for 2019 pegged at 3.7%

Annual average inflation for 2019 pegged at 3.7%

Annual inflation came in at 2.6% for the month of December 2019, bringing Namibia’s annual average inflation rate to 3.7% for 2019, the Namibian Statistics Agency said.

This is a drop compared to the 5.1% registered in December 2018, resulting in a slowdown of 2.5%, while on a monthly basis it stood at -0.1% compared to 0.1% registered in the preceding month.

Alex Shimuafeni, Statistician-General & CEO said the main contributors for this slowdown in the annual inflation rate resulted mainly from transport (from 10.9% to 2%), alcoholic beverages and tobacco (from 5.9% to 3.2%), food and non-alcoholic beverages (from 5.2% to 1.7%), health (from 4.8% to 3.2%), miscellaneous goods and services (from 4 %to 1.3%) and housing, water, electricity, gas and other fuels (from 3.1% to 1.9%).


 

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Donald Matthys

Donald Matthys has been part of the media fraternity since 2015. He has been working at the Namibia Economist for the past three years mainly covering business, tourism and agriculture. Donald occasionally refers to himself as a theatre maker and has staged two theatre plays so far. Follow him on twitter at @zuleitmatthys


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