Windhoek, Namibia – The latest Consumer Price Index (CPI) data for Namibia shows a modest increase, reaching 0.30% in August 2024. This marks a slight uptick from the 0.20% recorded in the previous month of July 2024.The change, calculated on a month-over-month basis, indicates a cautious yet notable shift in the economic landscape, reported on 10 September 2024. The previous CPI of 0.20%, measured from June to July, had been an indicator of more restrained inflationary pressures.Economists will closely monitor this trend to discern if this increment signifies the beginning of a sustained rise in consumer prices or remains a temporary fluctuation. Further analysis could explore the underlying factors contributing to this increase and its potential impact on the Namibian economy moving forward.The material has been provided by InstaForex Company – www.instaforex.com
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