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