First Capital Namibia

Food prices continue to increase

Food prices continue to increase

CHAMWE KAIRA The average cost of the First Capital Namibia food basket consistently rose from N$2,029.21 in the first quarter of 2022 to N$2,390.88 in the third quarter of 2022, with the third quarter of 2022 having the highest cost and a significant increase of 10.05%. In 2023, the cost fluctuated, reaching its peak at N$2, 302.71 in the second quarter before slightly decreasing and then rising again to N$ 2,380.90 in the third quarter. The percentage change in 2022 showed moderate increases in the first and second quarter, while 2023 experienced more volatility, with a notable decrease of 7.25%…
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