Figures released by the Namibia Statistics Agency Friday show that inflation in the country for April declined 0.5 percent from 3.4 percent year-on-year.

Inflation
Inflation

The agency said this decline is attributed to the decrease in the transport sector that fell from 9.4 percent to 4.2 percent in the same period in 2014.
Transport costs have been on a decline since March 2015 when it ended up at 3.7 percent down from 7.4 percent thereby pushing the inflation rate from 3.6 percent to 3.4 percent.
The month-on-month rate for the country edged up from 0.4 percent to 0.5 percent due to increases in the prices of goods and services across most categories except clothing, furniture and footwear.
Household appliances fell by 0.2 percent with housing, water, gas electricity easing by 0.1 percent. Enditem

Source: Xinhua

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