Namibia’s annual inflation up 6 pct in June

WINDHOEK, July 15 — Namibia’s annual inflation rate increased by 6 percent in June 2021, according to the country’s Consumer Price Index Bulletin (NCPI) released Thursday.
The monthly inflation rate augmented by 1 percent compared to 0.1 percent recorded a month earlier, the bulletin released by the Namibia Statistics Agency (NSA) added.
Transport and food and non-alcoholic beverages components continued to be the main contributors to the annual inflation rate with a contribution of 2.7 percentage points and 1.3 percentage points, respectively, the report stated.
“The annual inflation rate for the transport category which accounts for 14.3 percent of the consumer basket continues to be the main driver of the overall inflation, increasing by 18.6 percent in June 2022 compared to 9.6 percent registered in June 2021. The increase in the transport component was mainly reflected in the price levels of Operation of personal transport equipment which increased by 32 percent,” the report added.
Meanwhile, food and non-alcoholic beverages, which accounts for 16.5 percent of the NCPI basket, recorded an inflation rate of 7 percent during June 2022 compared to 7.3 percent registered in the same period of last year, the report further highlighted.  (Xinhua)