Inflation rates in Namibia
The inflation rate for consumer prices in Namibia moved over the past 19 years between 2.2% and 9.5%. For 2022, an inflation rate of 6.1% was calculated.During the observation period from 2003 to 2022, the average inflation rate was 5.7% per year. Overall, the price increase was 183.62%. An item that cost 100 dollars in 2003 costs 283.62 dollars at the beginning of 2023.
› Inflation rates in global comparison
Back to overview: Namibia
Performance over the last 19 years compared with the USA
As the price increases are consistently in the positive range, this means that goods and services in the country have become increasingly more expensive over the years. In comparison to most other countries, the drastic price increases are no longer average. Usually this is a sign of political and economic turmoil.Performance based on 100% in 2002:
Inflation calculator for Namibia
Enter any amount, an initial year and an end year here. You will then be provided with the original amount after inflation. Example: 1,000 dollars in 2003 corresponds to 2,836.22 dollars at the beginning of 2023 due to inflation.Inflation rates for consumer goods in Namibia
Historical inflation rates in comparison
| Year | Namibia | Ø EU | Ø USA | Ø World |
|---|---|---|---|---|
| 2022 | 6.08 % | 9.22 % | 8.00 % | 8.31 % |
| 2021 | 3.62 % | 2.55 % | 4.70 % | 3.48 % |
| 2020 | 2.21 % | 0.48 % | 1.23 % | 1.92 % |
| 2019 | 3.72 % | 1.63 % | 1.81 % | 2.19 % |
| 2018 | 4.29 % | 1.74 % | 2.44 % | 2.44 % |
| 2017 | 6.15 % | 1.43 % | 2.13 % | 2.19 % |
| 2016 | 6.73 % | 0.18 % | 1.26 % | 1.55 % |
| 2015 | 3.39 % | -0.06 % | 0.12 % | 1.43 % |
| 2014 | 5.35 % | 0.20 % | 1.62 % | 2.35 % |
| 2013 | 5.60 % | 1.22 % | 1.46 % | 2.62 % |
| 2012 | 6.72 % | 2.66 % | 2.07 % | 3.73 % |
| 2011 | 5.01 % | 3.29 % | 3.16 % | 4.82 % |
| 2010 | 4.87 % | 1.53 % | 1.64 % | 3.35 % |
| 2009 | 9.45 % | 0.84 % | -0.36 % | 2.94 % |
| 2008 | 9.09 % | 4.16 % | 3.84 % | 8.95 % |
| 2007 | 6.55 % | 2.51 % | 2.85 % | 4.82 % |
| 2006 | 4.96 % | 2.67 % | 3.23 % | 4.28 % |
| 2005 | 2.28 % | 2.49 % | 3.39 % | 4.11 % |
| 2004 | 4.14 % | 2.29 % | 2.68 % | 3.38 % |
| 2003 | 7.14 % | 2.09 % | 2.27 % | 3.03 % |
Data basis: International Monetary Fund, World Bank and OECD Inflation CPI indicator (doi:10.1787/eee82e6e-en)
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