Namibia’s Consumer Price Index (CPI) saw a moderate decrease in August 2024, dropping to 4.40% from the previous month’s 4.60%. This data, reflecting the annual change in the price level of consumer goods and services, was updated on 10 September 2024. The previous indicator, recorded in July 2024, showed a CPI of 4.60% when compared year-over-year.This latest update points to a slight easing of inflationary pressures in Namibia. The August figures indicate that the overall rise in prices has diminished compared to the same period last year. Analysts suggest this could be the result of various economic factors, including potential stabilizations in global commodity prices and effective fiscal policies.Namibia’s central bank will likely monitor these developments closely as it works to maintain economic stability. With the CPI showing a gentle downward trend, the outlook for Namibia’s economic health could be signaling a period of relative price stability.The material has been provided by InstaForex Company – www.instaforex.com
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