Windhoek – Namibia experienced a 3.9 percent rise in inflation on an annualised basis as the prices of basics goods and services edged upwards.
Namibia Statistics Agency Statistician-General Mr Alex Shimuafeni said, “On a monthly basis, the inflation rate rose by 0.4 percent compared to 0.5 percent recorded a month earlier. The main contributors to the 3.9 percent annual inflation rate were the food and non-alcoholic beverages going up by 1.1 percentage point; and transport up by one percentage point.
“Food and non-alcoholic beverages, which account for 16.5 percent of the basket of goods and services, increased by 5.9 percent year-on-year; while transport, which accounts for 14.3 percent of the basket, was 7.5 percent more expensive than a year ago.”
Mr Shimuafeni said clothing and footwear; and the hotels, cafés and restaurants sector recorded declines of 3.7 percent and 0.2 percent respectively.
“The annual inflation rate for housing, water, electricity, gas and other fuels component increased by 1.3 percent during April 2021 compared to -0.5 percent registered in April of the previous year. The increase in prices of this category was reflected in the subgroups of regular maintenance and repair of dwelling (from 1.2 percent to 6.8 percent), and rental payment for dwelling (from -2.3 percent to 1.3 percent).
“The highest percentage change in April 2021 was observed in regular maintenance and repair of dwelling at 6.8 percent followed by rental payment for dwelling at 1.3 percent, electricity, gas and other fuels at 0.9 percent and water supply, sewerage services and refuse collection at 0.6 percent,” he said.