[ad_1]
According to the Namibian Statistical Agency (NSA), the annual inflation rate for June 2018 was 4% compared with 6.1% in June 2017.
General Statistician at the NSA, Alex Shimuafeni said that the average of twelve months The average annual and annual inflation rate for the period from July 2017 to June 2018 set at 4.5% and 0.3% respectively, while the The average calendar year from January 2018 to June 2018 was estimated at 3.7% and 0.5%. In contrast, Klaus Schade, research associate at the Economic Association of Namibia, said that inflation was continuing its upward trajectory, mainly because of rising inflation rates. "However, we expect a stronger increase in transport inflation, and hence overall inflation, as fuel prices in Windhoek increased on average by 14.5% in June 2018. compared to June 2017, "he added.
Schade pointed out that the price of fuel would rise in July and probably also in August, which would put further pressure on the inflation rate. He explained that if this increase occurred, it would also have an impact on production costs and, if it continued, would result in second-round effects and price increases for fuel-sensitive goods
. the rate for bread and cereals continues to increase mainly because of the weak base effect since May 2017, when prices for bread and cereals began to fall. On the other hand, better grazing conditions could lead to a further slowdown in meat prices. The price of food could remain at the current level, due to opposite trends in the price of bread and rising meat prices, "said Schade
.
[ad_2]
Source link
