Monthly inflation increased in January 2018

15 Feb 2018 12:20pm
WINDHOEK, 15 FEB (NAMPA) - The monthly inflation rate recorded an increased from 0,2 per cent to 1,6 per cent, the Namibia Statistics Agency (NSA) revealed in its latest Namibia Consumer Price Index (NCPI) for January 2018.
NSA Chief Executive Officer (CEO) and Statistician-General, Alex Shimuafeni said in the NCPI report that a price level increase of 1,4 percent was registered in all categories except for transport which decreased to 0,6 per cent.
Recreation and culture and communication remained unchanged at negative 0,1 per cent and 0,0 per cent respectively.
The annual inflation rate for January 2018 stood at 3,6 per cent compared to the 8,2 per cent recorded during the same period last year.
Shimuafeni said the slowdown movement categorised all categories comprising the NCPI with the exception of education, transport and health.
According to the NCPI, education was the main driver for the annual inflation rate recorded last month with 10 per cent compared to 8,2 per cent during the same period last year.
The annual inflation for education was mainly driven by the primary (private) and secondary subgroups which had an inflation rate of 14,6 per cent, while inflation for the pre-primary education was 7,5 per cent and 6,7 per cent for tertiary education.
Other leading drivers for inflation also included transport with 6,3 per cent compared to 5,2 per cent during the same period last year and health with 6,2 compared to 5,6 per cent.
(NAMPA)
ANS/HP