Namibia Inflation Climbs to 5.4% on Fuel Costs
Namibia's annual inflation rose to 5.4% in September as fuel and transport costs climbed, while core inflation held at 4.0%. The post Namibia Inflation Climbs to 5.4% on Fuel Costs appeared first on The Rio Times .
Namibia's inflation rate surged to 5.4% in September 2025, driven primarily by surging fuel and transport costs, according to the Namibia Statistics Agency (NSA). This marks the fastest pace of inflation in the past year. Transport costs accounted for 14.3% of the consumer basket and posted an annual inflation rate of 14.9% in September.
Meanwhile, petrol and diesel prices were 30.4% higher compared to a year earlier, while air, taxi, and bus fares increased by 22.1%, 15.4%, and 12.6%, respectively. Food and non-alcoholic drinks added 0.8 percentage points to the inflation rate. The fuel price hikes are attributed to Middle East tensions, attacks on oil infrastructure, and restricted flows through the Strait of Hormuz. The Bank of Namibia's policy rate remains at 6.75%, closely tied to South Africa's rate of 7.25%.
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