Bread most expensive in Khomas

People in the Khomas region are buying bread at a higher price in comparison to other regions in the country.

This was revealed in the Namibia Statistics Agency consumer price index report released on Thursday.

The report highlighted that a loaf of bread costs N$14,77 in the Khomas region, while costing N$13,87 in Zone 1 regions (Kavango East, Kavango West, Kunene, Ohangwena, Omusa, Oshana, Oshikoto, Otjozondjupa, and Zambezi regions).

Furthermore the report showed that consumers in Zone 3 (//Kharas, Erongo, Hardap, Omaheke regions) paid the highest price for beef stew per kg at N$93,03, while consumers in Zone 1 paid the least price of N$87,49.

Namibian inflation is mainly influenced by three categories: Housing, water, electricity, gas and other fuels; food and non-alcoholic beverages; and transport, collectively making up nearly 60% of the total inflation basket.

In November 2023, the annual inflation rates for housing and food were 3,2% and 9,2%, respectively.

Housing includes costs like rent and utilities, while food comprises various subcategories, with notable increases in fish (16,9%), vegetables (16,9%), and milk, cheese and eggs (12,6%).

The transport category, accounting for 14,3% of the basket, had an annual inflation rate of 5,1% in November 2023.

This was a slowdown compared to 18,3% recorded in November 2022, influenced by changes in personal transport equipment and public transportation services.

In Zone 1, the annual inflation rate remained unchanged at 6,4%, while in Zone 2 and Zone 3, it stood at 5,3%.

These zones experienced slowdowns in inflation, influenced by various factors like transport costs and household-related expenses.

During the month of November 2023, the annual inflation rate stood at 5,7% compared to 7,0% witnessed in November 2022.

On a monthly basis, the inflation rate for November 2023 was 0,3% compared to 0,8% recorded in the preceding month.