16 Nov 2023
THE increase in fuel prices is driving up the prices of basic goods and services at a time Namibians are also being confronted by increased municipal rates and taxes, straining already stretched incomes even further. According to the latest figures of the Namibia Statistics Agency (NSA), annual inflation stood at 4% in June 2018, up from 3,8% in May. This is, however, still lower than the 6,1% seen during the same period in 2017. The NSA yesterday released the Namibia Consumer Price Index (NCPI), in which it stated that monthly inflation was 0,2% in June 2018, compared to 0,4% in the preceding month.
Reacting to the increased inflation, Economic Association of Namibia (EAN) research associate Klaus Schade said they had expected a sharper increase in transport inflation, and hence in overall inflation, since fuel prices for Windhoek increased by an average 14,5% in June 2018, compared to June 2017…