Namibia Inflation Rate 2003-2024
Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used.
- Namibia inflation rate for 2023 was 5.88%, a 0.2% decline from 2022.
- Namibia inflation rate for 2022 was 6.08%, a 2.46% increase from 2021.
- Namibia inflation rate for 2021 was 3.62%, a 1.41% increase from 2020.
- Namibia inflation rate for 2020 was 2.21%, a 1.51% decline from 2019.
| Namibia Inflation Rate - Historical Data |
| Year |
Inflation Rate (%) |
Annual Change |
| 2023 |
5.88% |
-0.20% |
| 2022 |
6.08% |
2.46% |
| 2021 |
3.62% |
1.41% |
| 2020 |
2.21% |
-1.51% |
| 2019 |
3.72% |
-0.57% |
| 2018 |
4.29% |
-1.85% |
| 2017 |
6.15% |
-0.58% |
| 2016 |
6.73% |
3.33% |
| 2015 |
3.39% |
-1.96% |
| 2014 |
5.35% |
-0.25% |
| 2013 |
5.60% |
-1.12% |
| 2012 |
6.72% |
1.72% |
| 2011 |
5.01% |
0.13% |
| 2010 |
4.87% |
-4.58% |
| 2009 |
9.45% |
0.36% |
| 2008 |
9.09% |
2.55% |
| 2007 |
6.55% |
1.59% |
| 2006 |
4.96% |
2.68% |
| 2005 |
2.28% |
-1.85% |
| 2004 |
4.14% |
-3.00% |
| 2003 |
7.14% |
-3.00% |
