Annual inflation for Windoek increased in June 2019

The annual inflation rate for Windhoek stood at 3,7 per cent in June 2019 compared to 3,2 per cent the same period last year, as a result of increases in housing, water, electricity and other fuels.

According to the latest Namibia Consumer Price Index (NCPI) released by the Namibia Statistics Agency (NSA) on Thursday, inflation in the three sub-groups rose from 0,8 per cent to 3,3 per cent.

Annual inflation for education rose from 11,3 per cent 15,2 per cent during the region under review; hotels and cafes from 0,04 per cent to 9,7 per cent; and recreation and culture from three per cent to 4,3 per cent in June 2019 from the same period last year.

The northern, eastern, southern and western regions recorded a drop in annual inflation from decreases recorded in hotels, cafes and restaurants.

Inflation in the eastern, southern and western parts of the country stood at 4,9 per cent in June 2019 from 5,6 per cent recorded the same period last year.

Hotels, cafes and restaurants in the northern part of the country decreased from 3,9 per cent in June 2018 to -0,6 per cent in June 2019, while housing, water, electricity and other fuels decreased from 3,6 per cent to 0,1 per cent respectively.

Overall annual inflation declined for June 2019 from four per cent to 3,9 per cent during the period under review.

Source: Namibia Press Agency