FX.co ★ Namibia Inflation Rate Rises to 3.1%

Namibia’s annual inflation rate rose to 3.1% in April 2026, its highest level in four months, from 2.1% in March, which had marked the lowest rate since July 2020.

The main upward pressure came from housing and utilities (4.4% vs 4.1%), driven largely by higher prices for electricity, gas and other fuels (4.0% vs 1.5%), as well as an increase in rental payments for dwellings (4.7% vs 4.6%). Transport costs also rebounded (5.0% vs -1.7%), with the operation of personal transport equipment up 7.3% and petrol/diesel prices climbing 10.3%.

Food and non-alcoholic beverages inflation also accelerated (2.0% vs 1.7%), led by notable increases in the prices of fruit (10.9%), coffee, tea and cocoa (4.6%), meat (3.8%) and vegetables (3.7%). Prices for alcoholic beverages and tobacco also rose (1.8% vs 1.9%).

On a monthly basis, the consumer price index (CPI) increased by 1.1% in April, the sharpest rise since January 2025, following a 0.2% gain in March.