Inflation Namibia 2021
Average inflation: 3.6%
Current Inflation
Inflation is high at 3.6%, well above the ECB target.
Peak and Trough
The highest inflation was in December at 4.5%. The lowest inflation was in January at 2.7%.
- Highest month
- December: 4.5%
- Lowest month
- January: 2.7%
- Difference
- 1.8 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Food with an average of 5.7%. The lowest price increase was in Energy with an average of 1.3%.
- Highest increase
- Food: 5.7%
- Lowest increase
- Energy: 1.3%
Historical Context
Current inflation is around the 5-year average of 4.0%.
- 5-year average
- 4%
- 10-year average
- 4.8%
- All-time high (2009)
- 9.5%
- All-time low (2020)
- 2.2%
Trend
Inflation has remained relatively stable. Compared to 2020, the difference is minimal (+1.4 percentage point).
- Change vs. previous year
- +1.4 percentage points
- Largest monthly swing
- April: +2.3 percentage points
ECB Target
Inflation is 1.6% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this inflation rate, purchasing power noticeably decreases. Without a salary increase, you can buy less with the same money.
What you could buy for €100 this year will cost approximately €103.60 next year at this inflation rate.
Multi-year trend
Monthly figures 2021
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2020 |
|---|---|---|
| January | 2.7% | +0.7 |
| February | 2.7% | +0.2 |
| March | 3.1% | +0.7 |
| April | 3.9% | +2.3 |
| May | 3.8% | +1.7 |
| June | 4.1% | +2.0 |
| July | 4.0% | +1.9 |
| August | 3.4% | +1.0 |
| September | 3.5% | +1.1 |
| October | 3.6% | +1.3 |
| November | 4.1% | +1.9 |
| December | 4.5% | +2.1 |
| Average | 3.6% |
Data source
Data from WorldBank. Last updated: 06/01/2026.