Namibia Inflation Rate 2003-2023
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.
| Similar Country Ranking | |
|---|---|
| Country Name | Inflation Rate (%) |
| Lebanon | 154.76% |
| Suriname | 59.11% |
| Iran | 43.39% |
| 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% |
| Tonga | 5.64% |
| 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% |
| Belize | 3.24% |
| 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% |
| 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% |
