The year-on-year inflation rate increased to 6.1 per cent last month compared to the 5.6 per cent recorded in April 2022.

This is according to the Namibia Consumer Price Index (NCPI) bulletin for April 2023 released by the Namibia Statistics Agency on Thursday.

“On a month-on-month basis, the inflation rate slowed to 0.4 per cent, down from 0.6 per cent registered during the preceding month,” it said.

It further said based on the price movements at the zonal level for April 2023, Zone 1 (Kavango East, Kavango West, Kunene, Ohangwena, Omusati, Oshana, Oshikoto, Otjozondjupa, and Zambezi) recorded the highest annual inflation rate of 6.3 per cent.

This was followed by Zone 3 (||Kharas, Erongo, Hardap and Omaheke), which recorded an inflation rate of 6.0 per cent, while Zone 2 (Khomas) recorded the lowest annual inflation rate of 5.9 per cent.

On a monthly basis, Zone 2 and 1 recorded the highest monthly price changes of 0.6 per cent and 0.3 per cent, and Zone 3 recorded the slightest monthly change of 0.2 per cent.

Source: The Namibian Press Agency