The annual inflation in Zone 1 (Kavango East, Kavango West, Kunene, Ohangwena, Omusati) rate stood at 5.9% during December 2023 compared to 6.5% registered during December of the preceding year.
The slowdown in the annual inflation rate emanated mainly from the slow increases registered in the price levels of transport (from 13.9% to 4.5%); food and non-alcoholic beverages (from 12.5% to 6.4%); hotels cafes, and restaurants (from 5.7% to 2.4%) and clothing and footwear (from 3.9% to 1.6%).
On a monthly basis, the inflation rate registered a decline of 0.2% compared to 0.3% recorded during the preceding month.
In Zone 2 (Khomas), year-on-year inflation rate for the period under review stood at 5%, a slowdown when compared to 7.6% recorded during the same period of 2022. The slowdown emanated mainly from the price levels of furnishing, household equipment and routine maintenance of the house (from 19.4% to 4.0%), transport (from 15.3% to 4.1%), and hotels, cafes, and restaurants (from 17.0% to 8.5%) and food and non-alcoholic beverages (from 11.8% to 9%).
On a monthly basis, the inflation rate stood at 0.0 percent in December compared to 0.2% recorded during the prior month.
In Zone 3 (//Kharas, Erongo, Hardap and Omaheke), the year-on-year inflation rate rose by 4.9% in December, a slow down when compared to 6.4% recorded during same period last year. The slow growth in the annual inflation rate resulted mainly from the price levels of transport (from 15.4% to 3.0%); food and non-alcoholic beverages (from 10.3% to 7.5%); education (from 7.0% to 4.1%) and furnishing, household equipment and routine maintenance of the house (from 8.6% to 6.0%).
