Namibia’s annual inflation rate stood at 3.5 percent during March 2018, similar to the February rate, according to the country’s central bank.

The Bank of Namibia’s Money and Banking Statistics released on Monday state that although inflation in the food and non-alcoholic beverages category rose considerably, this increase was set off by a similar decrease in the transport category, resulting in a similar rate to that reported in February.

The statistics released also highlighted that growth in private sector credit extension (PSCE) remained static at the end of March 2018.

On an annual basis, growth in PSCE stood at 5.7 percent at the end of the month under review, maintaining the same rate as at the end of February, the statistics revealed.

Meanwhile the country’s stock of international reserves continued to plummet at the end of March as they continued to hover around 2.16 billion U.S. dollars, a decline of 7.5 million dollars, compared to February. Enditem


Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.