Inflation monitor: Namibia at 3.9% as price pressures stay contained

Consumer price inflation in Namibia stands at 3.9% year on year in the latest reading tracked by CBAN, easing from 4.2% in the prior reading.

The moderation gives the Bank of Namibia more room for manoeuvre around its 6.75% policy rate. Across African consumer price baskets, food and non-alcoholic beverages typically carry the largest weight, followed by housing, utilities and transport — which is why harvests and fuel prices move headline inflation more here than in advanced economies.

Currency dynamics feed directly into the outlook. The Namibian dollar trades near 17.85 to the dollar, up 1.8% this year — a tailwind that dampens imported inflation.

Real GDP growth is running at around 3%, and official reserves stand near $3 billion. The next scheduled BoN rate decision is 13 August 2026.

CBAN tracks inflation across every African economy in the interactive inflation dashboard, updated as national statistical releases are incorporated into the dataset.