Inflation scoots to six per cent

Inflation scoots to six per cent

THE annual inflation rate was recorded at six per cent last month compared to 3,7 per cent registered during the same period last year, according to official data released by the Central Bureau of Statistics yesterday.

The monthly inflation, however was at an estimated low of 0,2 per cent a decline from 0,8 per cent of January. The all items index for February increased by 0,3 percentage points to end 134,00, while the food and non-alcoholic beverages index went up from 140,6 in January to 140,8 in February.Increases were attributed to prices hikes of fruit (2,2 per cent), meat (1,3 per cent), oil and fats (one per cent) and coffee, tea and cocoa (one per cent).The all items index for February increased by 0,3 percentage points to end 134,00, while the food and non-alcoholic beverages index went up from 140,6 in January to 140,8 in February.Increases were attributed to prices hikes of fruit (2,2 per cent), meat (1,3 per cent), oil and fats (one per cent) and coffee, tea and cocoa (one per cent).

Stay informed with The Namibian – your source for credible journalism. Get in-depth reporting and opinions for only N$85 a month. Invest in journalism, invest in democracy –
Subscribe Now!

Latest News