Namibia’s annual inflation rate surged to 3.6% in February 2025, its highest in six months, driven primarily by rising costs in hospitality and food sectors. Monthly consumer prices increased by 0.4%, indicating a deceleration compared to January’s figures.
In February 2025, Namibia experienced an annual inflation rate rise to 3.6%, marking a six-month high compared to 3.2% recorded in January. The primary contributors to this increase were the sectors of hotels, cafés, and restaurants, which registered a 7.6% inflation rate, although this was a slight decrease from 8.2% in the previous month. Additionally, prices for food and non-alcoholic beverages rose to 5.9%, up from 5.3%.
On a monthly basis, consumer prices reflected a 0.4% increase in February, which was notably lower than the 1.1% increase observed in January. This indicates a moderation in the pace of inflation on a short-term basis despite the uptick in the annual rate.
The inflation rate in Namibia reached a six-month high of 3.6% in February 2025, driven largely by increases in prices within the hospitality sector and food supplies. Monthly consumer price growth slowed to 0.4%, suggesting a potential easing in inflationary pressures moving forward. This economic trend underscores the complexity of inflation dynamics within the country.
Original Source: www.tradingview.com
