In February 2025, Namibia’s annual inflation rate increased to 3.6%, marking a six-month high, influenced by rising costs in hotels and food sectors. Monthly price growth slowed to 0.4%, down from 1.1%.
In February 2025, Namibia’s annual inflation rate experienced an increase, reaching 3.6%, the highest in six months, compared to 3.2% in January. The primary contributors to this rise were the costs associated with hotels, cafes, and restaurants, which registered at 7.6%, slightly lower than January’s 8.2%. Additionally, the prices of food and non-alcoholic beverages rose to 5.9%, up from 5.3% the previous month. On a month-to-month basis, consumer prices saw a 0.4% increase in February, a decrease from the 1.1% seen in January.
The February 2025 inflation report for Namibia indicates a notable rise in overall prices, driven mainly by the hospitality sector and food expenditures. The annual inflation rate is the highest recorded in six months, even as monthly consumer price growth has slowed. These trends point towards fluctuating economic conditions that merit further observation.
Original Source: www.tradingview.com
