Chamwe Kaira
Analysis of the average retail prices of selected products for November by the Namibia Statistics Agency revealed that consumers in Zone 3 ((//Kharas, Erongo, Hardap, Omaheke regions) paid the highest price for beef stew per kg at N$93.03 followed by Zone 2 at N$88.39 while consumers in Zone 1 paid the least price of N$87.49. Consumers in Zone 2 paid the highest price of N$14.77 for a loaf of white bread followed by Zone 3 at N$14.07, while Zone 1 paid the least price of N$13.87.
At the zonal level for the month of November Zone 1 (Kavango East, Kavango West, Kunene, Ohangwena, Omusati, Oshana, Oshikoto, Otjozondjupa, and Zambezi regions) recorded the highest annual inflation rate of 6.4 percent, while Zone 2 (Khomas region) and Zone 3 (//Kharas, Erongo, Hardap, Omaheke regions) annual inflation rate was 5.3 percent respectively.
The annual inflation rate stood at 5.7 percent in November this year compared to seven percent witnessed in November 2022. On a monthly basis, the inflation rate for November was 0.3 percent compared 0.8 percent recorded in the preceding month.
The major contributors to the annual inflation rate of 5.7 percent were Food and non-alcoholic beverages (1.8 percentage points); alcoholic beverages and tobacco contributed (1.1 percentage points); transport; and housing, water, electricity, gas, and other fuels each contributed (0.8 percentage points).
The major contributors to the annual inflation rate of 5.7 percent in November were food and non-alcoholic beverages (1.8 percentage points); alcoholic beverages and tobacco contributed (1.1 percentage points); transport; and housing, water, electricity, gas, and other fuels each contributed (0.8 percentage points).
Divisions with the highest annual percentage changes during November were recreation and culture (10.1 percent); food and non-alcoholic beverages (9.2 percent); Alcoholic beverages and tobacco (8 percent); hotels, cafés and restaurants (7.7 percent); furnishings, household equipment and routine maintenance of the house (5.3 percent); miscellaneous goods and services (5.2 percent) and transport (5.1 percent).
