Namibia’s Inflation Rate Reaches Six-Month Peak at 3.6% in February 2025

Namibia’s inflation rate reached 3.6% in February 2025, the highest in six months, up from 3.2% previously. Key contributors to this rise include hotel, cafe, and restaurant prices, along with food and non-alcoholic beverages. Monthly price growth slowed to 0.4% from 1.1%.

In February 2025, Namibia’s annual inflation rate rose to 3.6%, marking the highest level observed in the past six months, a notable increase from the previous month’s rate of 3.2%. This uptick in inflation can be primarily attributed to rising prices in the hospitality sector, which includes hotels, cafes, and restaurants, experiencing an increase of 7.6%, although this was slightly lower than the 8.2% recorded in January. Additionally, the food and non-alcoholic beverages sector saw a price acceleration to 5.9% from the prior month’s 5.3%.

On a monthly basis, consumer prices exhibited a marginal rise of 0.4% in February, a decrease from the more substantial 1.1% increase noted in January.

In summary, Namibia’s annual inflation rate has seen a significant increase to 3.6% in February 2025, influenced by higher costs in the hospitality and food sectors. Despite this rise, the overall monthly increase in consumer prices has slowed to 0.4%, compared to 1.1% in the previous month. This trend indicates a nuanced economic environment as inflation dynamics evolve.

Original Source: www.tradingview.com