Namibia’s annual inflation slowed down to 3.6 percent in February compared to 4.5 percent the previous month, statistics released Wednesday by the Namibia Statistics Agency (NSA) showed. inflation
The major drivers of the annual inflation were recorded in the group of transport which decreased by 2.6 percent.
Other groups, housing, water and electricity; furnishing, household equipment, and recreation and culture slowed to 2.9 percent, percent and 3.7 percent respectively down from 3.3 percent, percent and 5.1 percent registered in February 2014.
On a monthly basis, prices moderately declined by 0.2 percentage points after increasing by 0.8 percentage points in the previous month.
The decline in monthly inflation was mainly reflected in the prices of transport and communications which declined by 2.9 percent and 1.6 percent, respectively.
The annual downward trend in price pressures has been observed since June 2014 when annual inflation peaked at 6.1 percent. Enditem

Source: Xinhua

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