Development of inflation rates in Namibia
The inflation rate for consumer prices in Namibia moved over the past 16 years between 2.3% and 9.5%. For 2019, an inflation rate of 3.7% was calculated.During the observation period from 2003 to 2019, the average inflation rate was 6.0% per year. Overall, the price increase was 152.45 %. An item that cost 100 Dollar in 2003 was so charged 252.45 Dollar in the beginning of 2020.
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 other countries, the drastic price increases are no longer on average. Usually this is a sign of political and economic turmoil.
Back to overview: Namibia
Performance over the last 16 years compared to the European Union
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 issued with the amount that arose from the original amount after inflation. Example: 1000 Dollar in 2003 corresponds to an amount of 2,524.46 Dollar at the beginning of 2020 due to inflation.Development of inflation rates for consumer goods in Namibia
| Jahr | Namibia | Ø European Union |
|---|---|---|
| 2003 | 7.14 % | 2.08 % |
| 2004 | 4.14 % | 2.26 % |
| 2005 | 2.28 % | 2.47 % |
| 2006 | 4.96 % | 2.60 % |
| 2007 | 6.55 % | 2.48 % |
| 2008 | 9.09 % | 4.16 % |
| 2009 | 9.45 % | 0.93 % |
| 2010 | 4.87 % | 1.53 % |
| 2011 | 5.01 % | 3.29 % |
| 2012 | 6.72 % | 2.66 % |
| 2013 | 5.60 % | 1.22 % |
| 2014 | 5.35 % | 0.20 % |
| 2015 | 3.39 % | -0.06 % |
| 2016 | 6.73 % | 0.18 % |
| 2017 | 6.14 % | 1.43 % |
| 2018 | 4.29 % | 1.74 % |
| 2019 | 3.72 % | 1.63 % |