Price monster backs down further

13 February 2020 | Economics

Annual overall inflation in January stood at 2.1% - down from 4.7% recorded in January 2019, the Namibia Statistics Agency (NSA) said this morning.
The slowdown in the annual inflation rate was mainly due to decreases registered in:
Housing, water, electricity, gas and other fuels (from 2.9% to -1.2%);
Alcohol beverages and tobacco (from 6.4% to 2.6%);
Food and non-alcoholic beverages (from 5.7% to 2.2%);
Transport (from 7.3% to 5.0%);
Education (from 12% to 5.7%);
Hotels, cafes and restaurants (from 5.0% to 1.1%);
Recreation and culture (from 5.5% to 4.3%); and
Communications (from 1.2% to 0.7%).
Read the full report tomorrow in Market Watch.

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