In February 2025, Namibia’s annual inflation rate climbed to 3.6%, the highest in six months, up from 3.2% in January. Key contributors included rises in the hospital sector and food prices. Monthly consumer prices increased by 0.4%, down from 1.1% in January.
Namibia’s annual inflation rate reached 3.6% in February 2025, marking the highest level observed in six months, an increase from 3.2% in January. The primary contributors to this rise in inflation were the rising costs in the hospitality sector, specifically hotels, cafes, and restaurants, which saw a rate of 7.6%, slightly down from 8.2%. Additionally, the prices for food and non-alcoholic beverages increased to 5.9%, compared to 5.3% in the previous month.
In terms of monthly changes, consumer prices experienced a growth of 0.4% in February, a decrease from a 1.1% increase recorded in January. This suggests a moderation in the rate of increase in consumer prices compared to the preceding month, despite the annual inflation rate showcasing an upward trend.
In conclusion, Namibia’s inflation dynamics reveal a notable increase to 3.6% in February 2025, highlighting upward pressures primarily from the hospitality and food sectors. While the annual rate rose, the monthly consumer price growth exhibited a decrease. This combination of factors illustrates a complex inflation scenario within the Namibian economy at this time.
Original Source: www.tradingview.com
