Namibia Inflation Rate 2003-2021

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 2020 was 2.21%, a 1.51% decline from 2019.
  • Namibia inflation rate for 2019 was 3.72%, a 0.57% decline from 2018.
  • Namibia inflation rate for 2018 was 4.29%, a 1.85% decline from 2017.
  • Namibia inflation rate for 2017 was 6.15%, a 0.58% decline from 2016.
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name Inflation Rate (%)
Lebanon 84.86%
Turkey 12.28%
Kazakhstan 6.75%
Belarus 5.55%
Jamaica 5.23%
Equatorial Guinea 4.77%
Dominican Republic 3.78%
Mexico 3.40%
Russia 3.38%
South Africa 3.22%
Guatemala 3.21%
Brazil 3.21%
Azerbaijan 2.76%
Romania 2.63%
Mauritius 2.58%
Colombia 2.52%
China 2.42%
Algeria 2.42%
Namibia 2.21%
Botswana 1.89%
Peru 1.83%
Paraguay 1.77%
Bulgaria 1.67%
Albania 1.62%
Serbia 1.58%
Gabon 1.37%
Armenia 1.21%
North Macedonia 1.20%
Costa Rica 0.72%
Jordan 0.33%
Montenegro -0.26%
Ecuador -0.34%
Thailand -0.85%
Bosnia -1.05%
Malaysia -1.14%
Maldives -1.37%
Samoa -1.57%
Namibia Inflation Rate - Historical Data
Year Inflation Rate (%) Annual Change
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%