11
Apr
Inflation maybe slowing in the country but this won’t reflect in shopping baskets. Inflation has dropped from an average of 5,9% in 2023 to 4.9% in 2024. But Simonis Storm Security noted that it is important to note that this does not necessarily translate to real gains, considering inflation levels still remain relatively high. “Moreover, there are potential risks to inflation, particularly in food prices, which could be worsened by the El Niño weather phenomenon, alongside elevated oil prices,” it said. Namibia is experiencing a more rapid slowdown in annual inflation than anticipated, with March seeing an annual inflation rate…