Food, transport drive up August inflation

The country’s inflation rate for August 2021, increased by 3.4% compared to 2.4% recorded in August 2020, attributed to food, non-alcoholic beverages and transport, the Namibia Statistics Agency (NSA) announced on Wednesday.

On a monthly basis, the inflation rate declined by 0.2%, lower than the 0.2% recorded a month earlier.

The Zonal inflation rates for the month of August 2021 show that, Zone 1 (Kavango East, Kavango West, Kunene, Ohangwena, Omusati, Oshana, Oshikoto, Otjozondjupa, and Zambezi) and Zone 2 (Khomas) had each recorded an annual inflation rate of 3.1%.

Zone 3, (Erongo, Hardap, Omaheke and //Kharas) according to the NSA, registered an inflation rate of 4.5%.

On a monthly basis, Zone 2 recorded an inflation rate of 0.0%, while Zone 1 and 3 registered a decline of 0.2% each.

“The average retail prices of selected products for the month of August 2021 revealed that consumers residing in Zone 1 paid more for washing powder of 1kg at N$48.99 followed by Zone 2 at N$30.99, while consumers in Zone 3 paid more for beers at N$11.05 per 330ml while consumers in zone 1 paying the lowest price of N$10.31 per 330ml,” NSA Statistician-General & CEO, Alex Shimuafeni said.

The inflation rate measures the change in the Consumer Price Index for the month under review, compared to the previous month (month-on-month change) as well as to the corresponding month in the previous year (year-on-year change).

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Last modified on Friday, 17 September 2021 08:40

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