Wednesday, 19 June 2019 12:02 GMT

4.5 percent locked in Namibian inflation

(MENAFN) Namibia's central bank revealed a jump in the inflation of the country from January to April, reaching 4.5 percent from 3.6 percent last year.

This boost is attributed to hikes in prices of food, non-alcoholic beverages and transportation, explained governor of the central bank Ipumbu Shiimi.

According to the governor, "on a monthly basis, inflation stood at 4.5 percent for both March and April 2019, having increased from 4.4 percent reported in February 2019."

Total inflation for Namibia by the end of this year, Shiimi further added, is forecast to stand at an average of 4.5 percent.


4.5 percent locked in Namibian inflation

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