Inflation Namibia 2022
Average inflation: 6.1%
Current Inflation
Inflation is very high at 6.1%, far above the ECB target.
Peak and Trough
The highest inflation was in August at 7.3%. The lowest inflation was in February at 4.5%.
- Highest month
- August: 7.3%
- Lowest month
- February: 4.5%
- Difference
- 2.8 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Food with an average of 7.6%. The lowest price increase was in Energy with an average of 1.8%.
- Highest increase
- Food: 7.6%
- Lowest increase
- Energy: 1.8%
Historical Context
Current inflation is 2.1% higher than the 5-year average of 4.0%. This approaches the highest level since records began (6.2% in 2017).
- 5-year average
- 4%
- 10-year average
- 4.3%
- All-time high (2017)
- 6.2%
- All-time low (2020)
- 2.2%
Trend
Inflation shows an upward trend. Compared to 2021, inflation has risen by +2.5 percentage point.
- Change vs. previous year
- +2.5 percentage points
- Largest monthly swing
- August: +3.9 percentage points
ECB Target
Inflation is 4.1% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this high inflation rate, purchasing power rapidly decreases. This has a major impact on households, especially without adequate salary increases.
What you could buy for €100 this year will cost approximately €106.10 next year at this inflation rate.
Multi-year trend
Monthly figures 2022
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2021 |
|---|---|---|
| January | 4.6% | +1.9 |
| February | 4.5% | +1.8 |
| March | 4.5% | +1.4 |
| April | 5.6% | +1.7 |
| May | 5.4% | +1.6 |
| June | 6.0% | +1.9 |
| July | 6.8% | +2.8 |
| August | 7.3% | +3.9 |
| September | 7.1% | +3.6 |
| October | 7.1% | +3.5 |
| November | 7.0% | +2.9 |
| December | 6.9% | +2.4 |
| Average | 6.1% |
Data source
Data from WorldBank. Last updated: 06/01/2026.