13
Feb
Martin Endjala According to a Simonis Storms Securities economic report, Namibia’s annual inflation rate for January 2024 stood at 5.4 percent, down from 7.0 percent recorded in January 2023 but slightly up from 5.3 percent recorded in December 2023. This is the second-highest inflation rate recorded at the beginning of the year since January 2017. The report states that furthermore, the monthly inflation for January 2024 rose to 1.3 percent compared to the 0.1 percent deflation reported in December 2023. This increase represents the highest month-on-month figure since April 2022. In January 2024, Zone 1 (Northern regions) saw an annual…