Development of inflation rates in Namibia
The inflation rate for consumer prices in Namibia moved over the past 18 years between 2.2% and 9.5%. For 2021, an inflation rate of 3.6% was calculated.During the observation period from 2003 to 2021, the average inflation rate was 5.6% per year. Overall, the price increase was 167.36 %. An item that cost 100 Dollar in 2003 was so charged 267.36 Dollar in the beginning of 2022.
› Inflation rates in global comparison
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Performance over the last 18 years compared to the US
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.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 2,673.63 Dollar at the beginning of 2022 due to inflation.Development of inflation rates for consumer goods in Namibia
Historical inflation rates in comparison
| Year | Namibia | Ø USA | Ø World |
|---|---|---|---|
| 2021 | 3.62 % | 4.70 % | 3.42 % |
| 2020 | 2.21 % | 1.23 % | 1.89 % |
| 2019 | 3.72 % | 1.81 % | 2.21 % |
| 2018 | 4.29 % | 2.44 % | 2.44 % |
| 2017 | 6.15 % | 2.13 % | 2.19 % |
| 2016 | 6.73 % | 1.26 % | 1.55 % |
| 2015 | 3.39 % | 0.12 % | 1.43 % |
| 2014 | 5.35 % | 1.62 % | 2.35 % |
| 2013 | 5.60 % | 1.46 % | 2.62 % |
| 2012 | 6.72 % | 2.07 % | 3.73 % |
| 2011 | 5.01 % | 3.16 % | 4.82 % |
| 2010 | 4.87 % | 1.64 % | 3.35 % |
| 2009 | 9.45 % | -0.36 % | 2.94 % |
| 2008 | 9.09 % | 3.84 % | 8.95 % |
| 2007 | 6.55 % | 2.85 % | 4.82 % |
| 2006 | 4.96 % | 3.23 % | 4.28 % |
| 2005 | 2.28 % | 3.39 % | 4.11 % |
| 2004 | 4.14 % | 2.68 % | 3.38 % |
| 2003 | 7.14 % | 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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