Lowest inflation in eight monthsBy: JO-MARÉ DUDDY
ANNUAL inflation in Namibia hit its lowest level in eight months in June, coming in at 5,6 per cent, down from six per cent in May.
June’s figure, released by the Namibia Statistics Agency (NSA) yesterday, is marginally higher than the 5,4 per cent of the same month a year ago.
The main brake in annual inflation came from food and non-alcoholic beverages, recorded at 6,7 per cent. In May, annual food and non-alcoholic beverage inflation stood at 7,9 per cent.
On a monthly basis, inflation also dropped: from 0,2 per cent in May to minus 0,2 per cent in June. The NSA said the decrease resulted from monthly decreases in food and non-alcoholic beverages (minus 0,6 per cent), alcoholic beverages and tobacco (minus 0,2 per cent) and transport (minus 0,2 per cent).
The Namibia Consumer Price Index, which measures the rate at which the prices of consumer goods and services changes from month to month, is compiled from more than 650 outlets countrywide.