Monthly inflation for northern areas increased in November 2019

The month-to-month inflation for the northern parts of the country increased by 0,5 per cent in November 2019 compared to 0,1 per cent recorded in October 2019, the latest Zonal Consumer Price Index (ZCPI) shows.

This is according to ZCPI results released by the Namibia Statistics Agency (NSA) on Thursday.

The eastern, southern and western parts of the county experienced a decline in the inflation rate at 0.01 per cent in November 2019 compared 0.2 per cent the previous month, while the Windhoek area for November 2019 stood at negative 0,1 per cent from 0,2 per cent in October 2019.

The ZCPI is a compilation of all administrative regions of the country grouped into three zones, with each zone considered as one geographic area.

Meanwhile, monthly inflation in the Namibia Consumer Price Index (NCPI) for November 2019 stood at 0,1 per cent, a decrease from 0,2 per cent in October 2019.

The decrease emanated from the transport, alcoholic beverages and tobacco, health, food and non-alcoholic beverages and housing, water, electricity and gas sub groups.

According to the NCPI, annual inflation also slowed to 2,5 per cent in November 2019 from 5,6 per cent in November 2018.

Annual inflation for housing, water, electricity, gas and other fuels decreased from 3,7 per cent in November 2019, from 1,9 the same period in 2018, by 1,8 percentage points.

Annual inflation for food and non-alcoholic beverages recorded a decrease from 4,7 per cent in November 2018 to 2,9 per cent last month.

Alcoholic beverages stood at 2,7 during the November 2019, compared to 5,7 per cent the same month in 2018.

Annual inflation for transport stood at 0,1 per cent in November 2019 compared to 13,8 per cent recorded the same period last year.

The calculation of inflation is based on a basket of goods and services, which contains a representative sample of the goods and services commonly consumed in a country. These are weighted in accordance with the relative percentage of expenditure selected for each of the said goods at household level. The price of these goods and services are then tracked over time to illustrate the change in the cost of living over time.

Source: Namibia Press Agency