Transport costs push Namibia’s inflation to 4.4%

Namibians are paying more for transport, housing and basic services as inflation rose to 4.4% in June 2026, up from 3.7% in June 2025, the highest level since last June, according to the Namibia Statistics Agency (NSA).

The latest figures show that rising transport costs were the biggest driver of inflation, putting more pressure on household budgets as families continue to battle the rising cost of living. Inflation is the rate at which the prices of goods and services increase over time. In simple terms, it means the same amount of money buys fewer goods and services than before. For ordinary Namibians, this means spending more on fuel, taxi fares, electricity, rent and other daily necessities, leaving less money for savings and other household expenses. The annual inflation rate increased from 3.7% in June 2025 to 4.4% in June 2026. On a monthly basis, inflation slowed to 0.3% from 1.2% in May, while core inflation stood at 3.3%, slightly below the headline inflation rate.

The latest figures also show inflation has accelerated over the past three months. After falling to 2.1% in March 2026, annual inflation rose to 3.1% in April, 4.1% in May and 4.4% in June, reflecting sustained price increases across the economy. “Transport alone contributed 1.9 percentage points to the overall inflation rate of 4.4%. This means transport accounted for about 43.9% of the country’s inflation during June,” the NSA said.