Namibia’s annual inflation rate for the month of August slowed to 5.4 percent, down from 6.8 percent recorded in August last year, a decrease of 1.4 percentage points, according to a report released by the country’s statistics agency on Thursday.

Namibia Statistics Agency (NSA) Statistician-General, Alex Shimuafeni said the annual inflation rate recorded a notable slowdown in the price levels of food and non-alcoholic beverages from 11.5 percent in August 2016 to 4.6 percent in August this year, a 6.9 percentage points decrease.

“The average annual inflation rate for the period January 2017 to August 2017 stood at 6.6 percent while the corresponding average rate registered during the same period a year earlier was estimated at 6.5 percent,” he said. Enditem

Source: Xinhua/


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