(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.
MENAFN1306201900450000ID1098638047
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.