In February 2025, Namibia’s inflation rate hit 3.6%, the highest in six months, influenced by increases in the hospitality and food sectors. Monthly consumer prices rose by 0.4%, a decrease from January’s 1.1%.
In February 2025, Namibia’s annual inflation rate increased to 3.6%, marking its highest level in six months, up from 3.2% the previous month. This rise in inflation was primarily driven by significant price increases in sectors such as hotels, cafes, and restaurants, which registered a 7.6% rise compared to 8.2% in January. Furthermore, the food and non-alcoholic beverage sector also saw a rise, moving from 5.3% to 5.9%.
On a month-to-month basis, consumer prices experienced a 0.4% growth in February. This increment represents a decrease from the prior month’s increase of 1.1%. The combination of sustained inflationary pressures and slight moderation in monthly price increases illustrates the current economic conditions in Namibia.
Namibia’s inflation rate has reached a six-month high of 3.6% in February 2025, influenced mainly by rising costs in the hospitality and food sectors. While prices increased month over month, the rate of this increase has slowed compared to January, signaling a nuanced economic landscape.
Original Source: www.tradingview.com
