Namibia Inflation Rate 2003-2020

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 2019 was 3.73%, a 0.56% decline from 2018.
  • Namibia inflation rate for 2018 was 4.29%, a 1.86% decline from 2017.
  • Namibia inflation rate for 2017 was 6.14%, a 0.58% decline from 2016.
  • Namibia inflation rate for 2016 was 6.73%, a 3.33% increase from 2015.
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name Inflation Rate (%)
Iran 39.91%
Turkey 15.18%
Belarus 5.60%
Kazakhstan 5.25%
Russia 4.47%
South Africa 4.12%
Jamaica 3.91%
Romania 3.83%
Brazil 3.73%
Namibia 3.73%
Guatemala 3.70%
Mexico 3.64%
Colombia 3.53%
Bulgaria 3.10%
Lebanon 3.01%
China 2.90%
Botswana 2.77%
Paraguay 2.76%
Azerbaijan 2.61%
Gabon 2.46%
Peru 2.14%
Costa Rica 2.10%
Guyana 2.09%
Algeria 1.95%
Serbia 1.85%
Dominican Republic 1.81%
Fiji 1.77%
Armenia 1.44%
Albania 1.41%
Equatorial Guinea 1.24%
Samoa 0.98%
North Macedonia 0.77%
Jordan 0.76%
Thailand 0.71%
Malaysia 0.66%
Bosnia 0.56%
Mauritius 0.41%
Ecuador 0.27%
Maldives 0.22%
Namibia Inflation Rate - Historical Data
Year Inflation Rate (%) Annual Change
2019 3.73% -0.56%
2018 4.29% -1.86%
2017 6.14% -0.58%
2016 6.73% 3.33%
2015 3.40% -1.95%
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%