Namibia inflation rate for 2023 was 5.88%, a 0.2% decline from 2022.
Namibia inflation rate for 2022 was 6.08%, a 2.46% increase from 2021.
Namibia inflation rate for 2021 was 3.62%, a 1.41% increase from 2020.
Namibia inflation rate for 2020 was 2.21%, a 1.51% decline from 2019.
Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used.