Inflation rises to 4.1% in May, highest this year

CHAMWE KAIRA

The annual inflation rate accelerated to 4.1% in May, up from 3.5% recorded in the corresponding period a year earlier, according to the Namibia Statistics Agency (NSA).

NSA Statistician-General and chief executive officer, Alex Shimuafeni, said the headline inflation rate for the 12 months ending May reached 4.1%, while the overall price level increased by 1.2% on a month-on-month basis, compared to 1.1% recorded in April 2026.

Core inflation, which excludes certain volatile items, stood at 3.1%, remaining below the headline inflation rate.