NCPI Note May 2021

Namibia’s annual inflation for May ’21 printed at 3.8%, up from the 2.1% in May ’20 but down slightly from 3.9% for Apr ’21. The largest drivers of the increased inflation are Food and non-alcoholic beverages (6.6% compared to 4.7% a year ago), Transport (7.3% compared to -0.1% a year ago), and Housing and utilities (1.3% compared to -0.6% a year ago).