FNB Namibia forecasts 3.9% average inflation in 2026
FNB Namibia has forecast that Namibia’s average inflation rate will moderate to 3.9% in 2026, although persistent services inflation, administered price pressures and global oil market volatility remain key upside risks.
Staff Writer
FNB Namibia has forecast that Namibia’s average inflation rate will moderate to 3.9% in 2026, although persistent services inflation, administered price pressures and global oil market volatility remain key upside risks.
According to FNB Namibia economist Cheryl Emvula and market research manager Mandisa Van Wyk, headline inflation increased to 4.4% year-on-year in June 2026 from 4.1% in May, while core inflation rose to 3.3% from 3.1%, indicating a gradual increase in underlying price pressures.
The economists said rising services inflation and administered prices could continue to influence the inflation outlook, while international oil market developments could add further pressure to domestic prices.
