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Annual inflation lowest since 2015 – New Era

Date.

21 Nov 2017

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Commenting on the latest figures the Executive Director of the Economic Association of Namibia, Klaus Schade, said that price increases for services clearly remained the main driver of inflation accounting for 3.2 percentage points of the inflation of 5.2 percent. The category of ‘housing, water, electricity, etc.’ again recorded the highest inflation rate of the main twelve categories although price increases slowed down from 8.9 percent in September to 8.6 percent in October. It is the second lowest inflation rate for housing this year after 8.3 percent in August.

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