Namibia’s annual inflation rate rose to 3.6% in February 2025, the highest in six months, driven by increases in hospitality services and food prices. Monthly inflation was 0.4%, down from January’s 1.1% increase.
In February 2025, Namibia experienced an annual inflation rate increase to 3.6%, marking the highest level in six months, up from 3.2% in January. This rise was primarily driven by price increases in the hospitality sector, which includes hotels, cafés, and restaurants, as well as in food and non-alcoholic beverages. Specifically, the prices of hotels and restaurants rose to 7.6%, down slightly from 8.2% in January, whereas food and non-alcoholic beverages saw an increase to 5.9%, compared to 5.3% the prior month.
On a monthly scale, consumer prices in February rose by 0.4%, a decrease from the 1.1% increase recorded in January. This suggests a moderation in the rate of consumer price growth compared to the previous month. Overall, the latest inflation figures reflect broader trends in the economy, highlighting the impact on consumer goods and services.
The data indicates that Namibia is experiencing a significant rise in inflation, reaching a six-month high of 3.6% in February 2025. The increases in costs for food, beverages, and hospitality services are notably influencing this trend. Month-over-month, however, the rate of inflation growth has slowed, signaling possible stabilizing factors in consumer prices.
Original Source: www.tradingview.com
