Namibia Inflation Rate 1960-2024

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 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 for 2019 was 3.72%, a 0.57% decline from 2018.
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name Inflation Rate (%)
Lebanon 171.21%
Turkey 72.31%
Suriname 52.45%
Iran 43.49%
Bulgaria 15.33%
Belarus 15.21%
North Macedonia 14.20%
Azerbaijan 13.85%
Romania 13.80%
Montenegro 13.04%
Serbia 11.98%
Botswana 11.67%
Tonga 10.97%
Samoa 10.96%
Mauritius 10.77%
Jamaica 10.35%
Colombia 10.18%
Paraguay 9.77%
Brazil 9.28%
Algeria 9.27%
Dominican Republic 8.81%
Armenia 8.64%
Peru 8.33%
Costa Rica 8.27%
Mexico 7.90%
South Africa 7.04%
Guatemala 6.89%
Albania 6.73%
St. Lucia 6.38%
Belize 6.28%
Guyana 6.12%
Namibia 6.08%
Thailand 6.08%
St. Vincent and the Grenadines 5.66%
Iraq 4.99%
Equatorial Guinea 4.79%
Fiji 4.52%
Libya 4.51%
Gabon 4.23%
Jordan 4.23%
Ecuador 3.47%
Malaysia 3.38%
Grenada 2.56%
Maldives 2.33%
China 1.97%
Kazakhstan 0.00%
Russia 0.00%
Tuvalu 0.00%
American Samoa 0.00%
Marshall Islands 0.00%
Nauru 0.00%
Turkmenistan 0.00%
Dominica 0.00%
Bosnia 0.00%
Cuba 0.00%
Venezuela 0.00%
Namibia Inflation Rate - Historical Data
Year Inflation Rate (%) Annual Change
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% 7.14%
2002 0.00% 0.00%
2001 0.00% 0.00%
2000 0.00% 0.00%
1999 0.00% 0.00%
1998 0.00% 0.00%
1997 0.00% 0.00%
1996 0.00% 0.00%
1995 0.00% 0.00%
1994 0.00% 0.00%
1993 0.00% 0.00%
1992 0.00% 0.00%
1991 0.00% 0.00%
1990 0.00% 0.00%
1989 0.00% 0.00%
1988 0.00% 0.00%
1987 0.00% 0.00%
1986 0.00% 0.00%
1985 0.00% 0.00%
1984 0.00% 0.00%
1983 0.00% 0.00%
1982 0.00% 0.00%
1981 0.00% 0.00%
1980 0.00% 0.00%
1979 0.00% 0.00%
1978 0.00% 0.00%
1977 0.00% 0.00%
1976 0.00% 0.00%
1975 0.00% 0.00%
1974 0.00% 0.00%
1973 0.00% 0.00%
1972 0.00% 0.00%
1971 0.00% 0.00%
1970 0.00% 0.00%
1969 0.00% 0.00%
1968 0.00% 0.00%
1967 0.00% 0.00%
1966 0.00% 0.00%
1965 0.00% 0.00%
1964 0.00% 0.00%
1963 0.00% 0.00%
1962 0.00% 0.00%
1961 0.00% 0.00%
1960 0.00% 0.00%