Namibia’s annual inflation rate slumped to 2.6 percent in December last year, down by 2.5 percentage points year on year.

According to the official National Consumer Price Index, inflation stood at 0.1 percent similar to the number registered in the previous month.

The country’s statistic’s agency said the slowdown in the annual inflation rate resulted mainly from transport, food, and housing.

The agency said the annual average and monthly average inflation rates for 2019 stood at 3.7 percent and 0.2 percent, respectively. Enditem

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