Namibia’s annual inflation rate slows to 5.6 percent in September

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inflation

Namibia’s annual inflation rate slowed to 5.6 percent in September from the 6.9 percent registered in September last year, according to the country’s statistics agency(NSA) Thursday.

NSA Statistician General, Alex Shimuafeni, said the slowdown in the annual inflation rate resulted from the following categories; Food and non-alcoholic beverages (12 to 4.2 percent), health (7.2 to 5.9 percent), household equipment and routine maintenance of the house (6.1 to 3.6 percent), recreation and culture (5.7 to 3.1 percent), hotels, cafes and Restaurants (9.5 to 6.2 percent).

Meanwhile he said that the average annual inflation rate for the period Jan. 2017 to Sept. 2017 stood at 6.5 percent, unchanged when compared to the corresponding average rate registered during the corresponding period a year earlier. Enditem

Source: Xinhua/NewsGhana.com.gh

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