FX.co ★ Namibia's CPI Bounces Back in July with a 0.40% Month-over-Month Increase

Namibia's Consumer Price Index (CPI) has shown a notable recovery in July 2024, climbing to 0.20%, up from a concerning -0.20% in June 2024. This month-over-month comparison indicates a 0.40% increase in the CPI, marking a significant turnaround in the country's inflationary figures.

The data, updated on 08 August 2024, reveals a much-needed positive shift in the economic landscape of Namibia. In June, the CPI had declined by 0.20%, highlighting a deflationary period. However, July's recovery depicts an improving economic environment, indicating restored consumer demand and a potential stabilization in the prices of goods and services.

Economists and market analysts will be closely monitoring whether this momentum can be sustained in the upcoming months, as the CPI trends are pivotal for economic planning and policy-making. This development points toward a cautiously optimistic outlook for Namibia's economy.