Inflation climbs to 5.6% in October

Source: The Namibian · 2026-11-05T10:55:50.000Z · Finance

The cost of living in Namibia continued to rise in October, with the country’s annual inflation rate reaching 5.6%, up from 3.6% during the same month last year. According to the Namibia Statistics Agency (NSA), inflation also increased from 5.4% in September to 5.6% in October. Statistician general and NSA chief executive Alex Shimuafeni, while making the announcement on Thursday, said higher transport costs were the main reason for the increase. A report shows that food and non-alcoholic beverage prices rose by 4.8%, compared to 4.6% in October last year. Shimuafeni says rising prices reduce what people can buy with

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