Namibia Inflation Rate 2003-2022

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.
  • 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.
  • Namibia inflation rate for 2019 was 3.72%, a 0.57% decline from 2018.
  • Namibia inflation rate for 2018 was 4.29%, a 1.85% decline from 2017.
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name Inflation Rate (%)
Lebanon 154.76%
Suriname 59.11%
Turkey 19.60%
Belarus 9.46%
Brazil 8.30%
Dominican Republic 8.24%
Botswana 7.24%
Algeria 7.23%
Armenia 7.18%
Russia 6.69%
Azerbaijan 6.65%
Iraq 6.04%
Jamaica 5.86%
Mexico 5.69%
Romania 5.05%
Guyana 5.03%
Paraguay 4.79%
South Africa 4.61%
Peru 4.27%
Guatemala 4.26%
Serbia 4.09%
Mauritius 4.03%
Namibia 3.62%
Colombia 3.50%
Bulgaria 3.30%
North Macedonia 3.23%
Samoa 3.13%
Malaysia 2.48%
Montenegro 2.41%
St. Lucia 2.41%
Albania 2.04%
Bosnia 1.98%
Costa Rica 1.73%
St. Vincent and the Grenadines 1.57%
Jordan 1.35%
Thailand 1.23%
Grenada 1.22%
China 0.98%
Maldives 0.54%
Dominica 0.52%
Fiji 0.16%
Ecuador 0.13%
Namibia Inflation Rate - Historical Data
Year Inflation Rate (%) Annual Change
2021 3.62% 1.41%
2020 2.21% -1.51%
2019 3.72% -0.57%
2018 4.29% -1.85%
2017 6.15% -0.58%
2016 6.73% 3.33%
2015 3.39% -1.96%
2014 5.35% -0.25%
2013 5.60% -1.12%
2012 6.72% 1.72%
2011 5.01% 0.13%
2010 4.87% -4.58%
2009 9.45% 0.36%
2008 9.09% 2.55%
2007 6.55% 1.59%
2006 4.96% 2.68%
2005 2.28% -1.85%
2004 4.14% -3.00%
2003 7.14% -3.00%