The Namibia Statistics Agency has released the Consumer Price Index (CPI) for January 2019 on 14 February 2019. The CPI is being used to calculate the month-on-month (compared to the previous month) and year-on-year (compared to the same month in the previous year) inflation rates. The annual inflation rate dropped further to 4.7% in January …
January 2019 inflation rate – downward trend continues Read More »
The Ministry of Mines and Energy (MME) announced on 31 January 2019 that fuel prices will remain unchanged with effect of 6 February 2019 midnight. 95 Octane Unleaded Petrol will cost NAD12.05 per litre and Diesel 50ppm NAD13.13 per litre at Walvis Bay and NAD12.47 and NAD13.56 respectively in Windhoek. A brief analysis: Average monthly …
Stable fuel prices for February 2019 – another welcome relief Read More »
The Namibia Statistics Agency has released the Consumer Price Index (CPI) for December 2018 on 15 January 2019. The CPI is being used to calculate the month-on-month (compared to the previous month) and year-on-year (compared to the same month in the previous year) inflation rates. The annual inflation rate dropped to 5.1% in December 2018 …
December 2018 inflation rate – reversal of 2018 trend Read More »
The Namibia Statistics Agency (NSA) has released the trade statistics for the third quarter 2018 on 13 December 2018. The trade statistics refer to trade in goods only and exclude the trade in services. Namibia usually achieves a surplus in the trade of services. Herewith a few highlights: The value of exports increased by 2.1% …
The Ministry of Mines and Energy (MME) announced on 30 November 2018 a fuel price decrease of NAD1.00 per litre for petrol and NAD0.40 per litre for diesel countrywide with effect of 5 December 2018 midnight. A brief analysis: Increased global oil supply mainly by OPEC and shale oil producers in the USA coupled with …
Fuel price decrease December 2018 – An early Christmas present Read More »
The Namibia Statistics Agency has released the Consumer Price Index (CPI) for October 2018 on 15 November 2018. The CPI is being used to calculate the month-on-month (compared to the previous month) and year-on-year (compared to the same month in the previous year) inflation rates. The annual inflation rate rose from 4.8% in September 2018 …
October 2018 inflation rate – transport inflation pushes up overall inflation Read More »
The Ministry of Mines and Energy (MME) announced on 5 November 2018 a fuel price increase of NAD0.50 per litre for petrol and NAD0.70 per litre for diesel countrywide with effect of 7 November 2018 midnight. According to the MME statement, the price of refined petrol and of refined diesel remained stable compared to September …
Fuel price increase November 2018 – The upward trend continues Read More »
The Minister of Finance presented the fourth Mid-year Budget Review on 24 October 2018. The review serves two purposes, namely to propose internal re-allocation of approved funds and to provide some first hints about the next Medium-term Expenditure Framework. It is not a proposal for the allocation of additional funds. Herewith a few highlights. Revenue …
Mid-year Budget Review – Fiscal consolidation on course despite economic headwinds Read More »
The Bank of Namibia has released selected statistical data for September 2018 that cover among others the extension of credit to the private sector (PSCE). Herewith some of the highlights: Total credit extended to the private sector rose by 7.3% compared to September 2017- the fastest pace on an annual basis since May 2017 –to …
Private sector credit extension September 2018 – demand by businesses remains strong Read More »
The World Bank has released its annual Doing Business Report 2019 on 31 October 2018. The World Economic Forum’s Global Competitiveness Report, released just a fortnight ago, and the World Bank’s Doing Business Report provide among others governments, investors and financial institutions with information on factors crucial for investors. The Doing Business Report covers ten …
Doing Business Report – Namibia down one place to 107 Read More »