Namibia’s November annual inflation rate increased by 4.1% compared to 2.2% recorded in November 2020, the Namibia Statistics Agency (NSA) has announced.
On a monthly basis, the inflation rate increased to 0.6% compared to 0.2% recorded a month earlier.
“The main contributors to the annual inflation rate were Transport (1.6 percentage points) and Food and non-alcoholic beverages (1.0 percentage points),” NSA CEO and Statistician General, Alex Shimuafeni said.
The Zonal inflation rates for the month of November 2021 revealed that, Zone 1 (Kavango East, Kavango West, Kunene, Ohangwena, Omusati, Oshana, Oshikoto, Otjozondjupa, and Zambezi) recorded annual inflation rate of 4%, Zone 2 (Khomas) recorded annual inflation rate of 3.7% while Zone 3 recorded an annual inflation rate of 4.9%.
“On a monthly basis Zone 1 registered the highest inflation rate of 0.7% while Zone 2 and 3 each recorded an inflation rate of 0.5%,” he said.
The average retail prices of selected products for the month of November 2021 according to the NSA revealed that consumers residing in Zone 2 paid the lowest price for Stewing beef per kg at N$84.79 followed by Zone 1 at N$87.68 while consumers in Zone 3 paid the highest price of N$88.37.
“Chicken, frozen assorted pieces per 1.5 kg, consumers in Zone 2 paid the highest price at N$72.74, while the lowest price was recorded in Zone 1 at N$65.79,” Shimuafeni said.
This also comes as South Africa’s inflation reached 5.5%, its highest in almost five years.
