July 2018 inflation rate – strongest increase so far this year
The Namibia Statistics Agency has released the Consumer Price Index (CPI) for July 2018 on 15 August 2018. The CPI is being used to calculate the monthly (compared to the previous month) and year-on-year (compared to the same month last year) inflation rates. The annual inflation rate increased from 4.0% in June to 4.5% in […]
Fitch Ratings affirms Namibia sovereign rating at BB+
Fitch Ratings has released its latest assessment of Namibia on 13 August 2018. It affirms the rating at BB+ with a stable outlook. The main reasons for the decisions are: Government’s continuous commitment to fiscal consolidation although progress is slow since Government is trying to balance fiscal consolidation with supporting economic growth and addressing poverty […]
Fuel price increase – Motorists spared the full impact
The Ministry of Mines and Energy announced a fuel price increase of NAD0,25 per litre for petrol and diesel country-wide with effect of 1 August 2018. The fuel price increase is caused by the increase in the fuel tax by the same amount as announced by the Minister of Finance in his budget statement on […]
June 2018 inflation rate continues upward trajectory
The Namibia Statistics Agency has released the Consumer Price Index (CPI) for June 2018 on 12 July 2018. The CPI is being used to calculate the monthly (compared to the previous month) and year-on-year (compared to the same month last year) inflation rates. The inflation rate continued its upward trajectory increasing from 3.8% in May […]
First quarter 2018 trade statistics – trade deficit widening
The Namibia Statistics Agency (NSA) has released the trade statistics for the first quarter 2018 on 19 June 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 trade deficit increased further in the […]
First quarter 2018 Gross Domestic Product figures – slight improvement in economic activities
The Namibia Statistics Agency has released the Gross Domestic Product (GDP) figures for the first quarter 2018 on 19 June 2018. GDP in real terms dropped slightly by 0.1% during the first quarter 2018. While this is an improvement compared to the decline by 0.4% during the first quarter 2017, economic growth remained weaker than […]
NSA releases the Consumer Price Index for May 2018
The Namibia Statistics Agency has released the Consumer Price Index (CPI) for May 2018 on 14 June 2018. The inflation rate is calculated based on the change in the CPI. The annual inflation rate increased slightly from 3.6% in April to 3.8% in May compared to May 2017 – the highest annual inflation rate so […]
EAN Commentary – CPI for April 2018
NSA releases the Consumer Price Index for April 2018. The Namibia Statistics Agency has released the Consumer Price Index (CPI) for April 2018 on 15 May 2018. The inflation rate is calculated based on the change in the CPI. The inflation rate increased slightly from 3.5% in the previous two months to 3.6% in April […]
Fitch downgrades Namibia to below investment grade
Fitch Ratings has downgraded Namibia from BBB- to BB+, which is a non-investment rate on 20 November 2017. The revision was the result of extensive stakeholder consultations in Namibia at the end of October and beginning of November unlike the downgrading of Moody’s Investors Services on 11 August 2017 that was based on desk research. […]
NSA releases the Consumer Price Index for October 2017
The Namibia Statistics Agency (NSA) has released the Consumer Price Index for October 2017 on 15 October 2017. The annual inflation rate for October 2017 dropped again after an increase last month. Herewith a few highlights: The annual inflation rate (October 2017 compared to October 2016) decreased to 5.2%, the lowest annual inflation rate since […]