Price monster eases in September
The headline annual inflation rate for September 2024 stood at 3.4% compared to 5.4% registered in September 2023. On a monthly basis, the inflation rate witnessed a decline of 0.2% compared to an increase of 0.3% recorded a month ago.
This follows the release of the inflation numbers by the Namibia Statistics Agency (NSA).
The zonal inflation rates for the month of September revealed that Zone 2 (Khomas Region) recorded the highest rate at 4.3%, followed by Zone 3 (//Karas, Erongo, Hardap, Omaheke) which recorded an annual inflation rate of 3.1%; and Zone 1 (Kavango East, Kavango West, Kunene, Ohangwena, Omusati, Oshana, Oshikoto, Otjozondjupa and Zambezi) recorded a rate of 2.8%, the NSA observed.
“The analysis of the average retail prices of selected products for September revealed that consumers in Zone 3 paid the highest price for beef stew per kilogram at N$96.71; followed by Zone 2 consumers at N$94.99; while consumers in Zone 1 paid the lowest price of N$90.99,” the NSA said.
“Meanwhile, consumers in Zone 2 paid the highest price for fresh tomatoes per kilogram at N$37.29; followed by consumers in Zone 3 at N$36.21; while consumers in Zone 1 paid the lowest price of N$34.09,” it added.
During September, the core inflation rate stood at 3.5% while the headline inflation rate at 3.4%. Core inflation refers to a measure of inflation that excludes certain volatile elements from the overall inflation calculation, according to the NSA.
This follows the release of the inflation numbers by the Namibia Statistics Agency (NSA).
The zonal inflation rates for the month of September revealed that Zone 2 (Khomas Region) recorded the highest rate at 4.3%, followed by Zone 3 (//Karas, Erongo, Hardap, Omaheke) which recorded an annual inflation rate of 3.1%; and Zone 1 (Kavango East, Kavango West, Kunene, Ohangwena, Omusati, Oshana, Oshikoto, Otjozondjupa and Zambezi) recorded a rate of 2.8%, the NSA observed.
“The analysis of the average retail prices of selected products for September revealed that consumers in Zone 3 paid the highest price for beef stew per kilogram at N$96.71; followed by Zone 2 consumers at N$94.99; while consumers in Zone 1 paid the lowest price of N$90.99,” the NSA said.
“Meanwhile, consumers in Zone 2 paid the highest price for fresh tomatoes per kilogram at N$37.29; followed by consumers in Zone 3 at N$36.21; while consumers in Zone 1 paid the lowest price of N$34.09,” it added.
During September, the core inflation rate stood at 3.5% while the headline inflation rate at 3.4%. Core inflation refers to a measure of inflation that excludes certain volatile elements from the overall inflation calculation, according to the NSA.
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