Namibia’s annual inflation rate rises to 5.6% in October

Namibia’s annual inflation rate increased to 5.6% in October, up from 5.4% in September and 3.6% during the same period last year, according to the Namibia Statistics Agency (NSA). The figures point to a continued rise in the cost of goods and services compared with a year ago. At a regional level, Khomas recorded the highest inflation rate at 6.2%, followed by Zone 3, which covers the southern regions, Omaheke and Erongo, at 6.1%. Zone 1, covering the northern regions, recorded the lowest inflation rate at 4.1%. NSA spokesperson Mirjam Shihepo provides further details on the latest figures.

The post Namibia’s annual inflation rate rises to 5.6% in October appeared first on Future Media News.