SA inflation hit two-year high at 4.5% in May

CHAMWE KAIRA

Consumer inflation in South Africa, Namibia’s biggest trading partner, jumped to 4.5% in May from 4% in April, Statistics South Africa announced on Wednesday.

This is the highest rate since July 2024, when it was 4.6%.

The monthly change in the consumer price index (CPI) was 0.7% in May.

Namibia’s trade deficit in April increased to N$4.4 billion, up from N$2.1 billion in April 2025, with South Africa emerging as the country’s largest market for both exports and imports.