Namibia Inflation Rate Reaches Six-Month High of 3.6% in February 2025

Namibia’s inflation rate increased to 3.6% in February 2025, the highest in six months, up from 3.2% in January. This rise was driven by higher costs in the hospitality and food sectors. Monthly changes reflected a more moderated price increase of 0.4% from 1.1% the previous month.

In February 2025, Namibia’s annual inflation rate reached 3.6%, marking the highest rate in six months, an increase from 3.2% in January. The notable upward pressure on inflation was primarily driven by elevated prices in sectors such as hotels, cafes, and restaurants, which recorded a rise of 7.6% compared to 8.2% in January. Additionally, prices for food and non-alcoholic beverages saw an increase of 5.9%, up from 5.3%. On a month-to-month basis, consumer prices increased by 0.4% in February, a decrease from the previous month’s rise of 1.1%.

To conclude, Namibia’s inflation rate has risen to 3.6%, reflecting a six-month peak primarily due to increases in hospitality and food prices. Monthly consumer prices, however, showed a moderation in growth, suggesting potential stabilization in the inflation trend.

Original Source: www.tradingview.com