By: Hertha Ekandjo
The annual inflation rate for food and non-alcoholic beverages in Namibia slowed to 5.1% in October 2024, down significantly from 9.4% in October 2023, according to the Namibia Consumer Price Index (NCPI).
This category, which represents 16.5% of the NCPI basket, saw only a slight monthly increase of 0.3%, unchanged from the previous month.
In the Food subcategory, which accounts for 14.8% of the NCPI, prices showed mixed trends across key components.
Among the most heavily weighted items were ‘Bread and cereals’ (4.8%), followed by Meat (3.5%) and ‘Sugar, jam, honey, syrups, chocolate, and confectionery’ (1.4%).
Vegetables and ‘Milk, cheese, and eggs’ each contribute 1.2% to the consumer basket.
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