Namibia’s October inflation hit 7.1 pct

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Namibia’s October inflation hit 7.1 pct
Namibia’s October inflation hit 7.1 pct

Africa-Press – Namibia. Namibia’s inflation rate rose 7.1 percent in October, up from 3.6 percent recorded in October 2021, the Namibia Statistics Agency (NSA) said Tuesday.

The transport, as well as food and non-alcoholic beverages components, continued to be the main drivers of inflation in October, with a contribution of 2.6 percentage points and 1.7 percentage points, respectively, according to the NSA data.

According to the agency, on a month-on-month basis, the inflation rate increased by 0.2 percent in October, compared to the 0.1 percent growth rate recorded a month earlier.

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