Namibia records highest annual inflation rate since June 2019

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Namibia’s annual inflation rate for April 2021 stood at 3.9 per cent, 1.6 per cent of April 2020.

This rate makes highest annual inflation rate recorded since June 2019, Namibia Statistics Agency (NSA) said on .

main contributors to higher annual inflation rate were and non-alcoholic beverages and , NSA Statistician-General Alex Shumuafeni said.

and non-alcoholic beverages, which account for 16.5 per cent of basket of goods and , increased by 5.9 per cent year-on-year, while , which accounts for 14.3 per cent of the basket, increased by 7.5 per cent year-on-year,’’ Shumuafeni said.

Monthly inflation for April rose by 0.4 per cent, 0.5 per cent recorded March, Shimuafeni said.

Namibia’s overall inflation is projected to average around 3.2 per cent for 2021, according to the central .