The Namibian annual inflation rate shot up to 8.2% y/y in January, 0.9% higher than the 7.3% y/y recoded in December. Prices increased by 3.2% m/m, the largest monthly increase in the 14-year history of our data set. Annual inflation was mainly driven by housing, water, electricity and other fuel… Continue reading
A total of 910 vehicles were sold in January, a 14.6% m/m drop from the 1,066 vehicles sold in December, and 34.0% lower than January 2016 when 1,379 vehicles were sold. For the calendar year of 2016, 16,598 new vehicles were sold, down 21.9% from the 21,246 vehicles sold over… Continue reading
Overall Total credit extended to the private sector increased by N$173.3 million or 0.20% in December, bringing the cumulative credit outstanding figure to N$85.80 billion. Annual growth in PSCE continued to decelerate, coming down to 8.9% compared to the November figure of 9.4%. Over the last twelve months a net… Continue reading