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Namibia Consumer Price Index: December, 2015 1
Namibia Consumer Price Index December, 2015
Namibia Statistics Agency
Namibia Consumer Price Index: December, 20152
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Our MissionIn a coordinated manner produce and
disseminate relevant, quality and timely statistics that are fit-for-purpose in
accordance with international standards and best practice.
Our VisionTo be a high performance institution in
statistics delivery
Our Shared ValuesExcellent Performance
IntegrityService focusTransparency
AccuracyPartnership
Namibia Consumer Price Index: December, 2015 3
Summary The annual inflation rate for December 2015 increased by 0.4 percentage points to 3.7 percent, from 3.3 percent
compared to the previous month. The increases resulted mainly from increases in inflation in the groups of
Alcoholic beverages and tobacco (7.6 percent), Hotels, cafes and restaurants (6.9 percent), Recreation and
culture (3.9 percent), Furnishings, household equipment and routine maintenance of the house (2.9 percent)
and Housing, water, electricity, gas and other fuels (2.7 percent).
The general price level in Namibia remained unchanged on a monthly basis, at 0.2 percent as compared to a
month earlier.
Sikongo HaihamboActing Statistician - General
Annual inflation Increases
Annual inflation for December 2015 increased from 3.3 percent to 3.7 percent on an annual basis but remained unchanged at 0.2 per cent on monthly basis.
Namibia Consumer Price Index: December, 20154
Overall InflationThe year 2015 recorded a monthly average and an annual average inflation of 0.3 and 3.4 percent. Corresponding
rates registered a year earlier were estimated at 0.4 and 5.4 percent respectively. The annual and monthly
inflation rates for December 2015 stood at 3.7 and 0.2 percent compared to 4.6 and -0.2 percent recorded in
December 2014.
Chart 1: NCPI; Monthly and annual percentage changes (Dec 2012 = 100)
Namibia Consumer Price Index: December, 2015 5
Main drivers of InflationThe main drivers of the annual inflation rate for the month of December 2015 were mainly Alcoholic beverages
and Tobacco (7.6 percent), Hotel, cafes and restaurants (6.9 percent) and Health (5.9 percent).
Chart 2: NCPI; December 2015 annual percentage changes by main groups (Dec 2012 = 100)
Namibia Consumer Price Index: December, 20156
BOX 1: NCPI Basket WeightingInflation is calculated based on a basket of goods and services, containing a representative sample of the goods
and or services commonly consumed in a country, and weighted in accordance with the relative percentage
of expenditure allotted to each of the said goods at household level. The price of these goods and services are
then tracked over time, to illustrate the change in the cost of living over time. As spending patterns change,
new products and services are added to the basket, and the basket reweighted so as to better capture the
current spending patterns of the consumer at the current point in time.
As such, the inflation basket is generally reconstituted every five years. In Namibia, the basket was last rebased
in 2013, using household expenditure data collected in the 2009/10 Household Income and Expenditure
Survey. The basket now contains over 350 items, grouped into 12 categories and 55 sub-categories, for which
prices are collected on a monthly basis from more than 900 retail outlets.
Namibian inflation however, is largely determined by three categories of the overall NCPI basket, namely: (i)
Housing, water, electricity, gas and other fuels, (ii) Food and non-alcoholic beverages and (iii) Transport, which
cumulatively make up just under 60 percent of the total inflation basket. Additionally, following the rebasing of
the NCPI basket in 2013, “Alcoholic beverages and tobacco” make up an additional 12.6 percent of the basket,
meaning that the four largest categories represent well over 70 percent of the total basket. As such, a large
increase in inflation in these categories has a greater impact on the overall inflation than do increases in the
lower weighted categories. Thus, it is rare to see major increases in overall inflation attributed to the lower
weighted categories, despite the fact that these categories may have seen relatively high inflation in their own
right.
Weights (%)28.3616.4514.2812.595.475.393.813.653.553.052.011.39
Recreation and CultureClothing and FootwearHealthHotels, Cafés and Restaurants
CategoryHousing, Water, Electricity, Gas and Other FuelsFood and Non- Alcoholic BeveragesTransportAlcoholic Beverages and TobaccoFurnishings, Household Equipment….Miscellaneous Goods and ServicesCommunicationEducation
Namibia Consumer Price Index: December, 2015 7
Major Groups Food and non-alcoholic beverages
The food and non-alcoholic beverages category is usually a key driver of inflation in Namibia due to the fact
that it tends to be fairly volatile, usually above average inflation. The annual inflation for December 2015 for
this category stood at 5.9 percent, which was a decline from the previous period. The decrease in food prices
were recorded in most of the sub-groups except fish, oils and fats, vegetables including potatoes and other tubers and coffee, tea and cocoa where increases were recorded.
Chart 3: NCPI; Annual inflation for selected food sub-categories (Dec 2012 = 100)
Namibia Consumer Price Index: December, 20158
Alcoholic beverages and tobacco
The Alcoholic beverages and tobacco component recorded the highest annual inflation of 7.6 percent in
December 2015 showing an increase of 0.5 percentage points when compared to 7.1 percent recorded during
the same period a year earlier. The upward movement of inflation in this category during this period, was
due to the upward movements in the prices of Alcoholic beverages component rising from 5.9 percent in the
preceding month to 7.7 percent.
The monthly inflation for this group stood at 0.9 percent during the month under review as compared to the
0.1 percent recorded in November 2015.
Chart 4: NCPI; Annual inflation for Alcohol beverages and tobacco (Dec 2012 = 100)
Namibia Consumer Price Index: December, 2015 9
Transport
The annual inflation rate for the group “Transport” stood at -0.3 percent in December 2015, representing an
increase of 1.3 percentage points over the month of November 2015 which recorded a rate of -1.6 per cent.
This increase resulted from increases in the level of prices of goods and services in the category of “Operation of personal transport equipment”.
Chart 5: NCPI; Annual inflation for Transport (Dec 2012 = 100)
Namibia Consumer Price Index: December, 201510
Minor GroupsFor the minor groups, high annual inflation rates were observed in the groups of “Hotels, cafés and restaurants” (6.9 percent); “Health” (5.9 percent), “Miscellaneous goods and services” (5.4 percent), while “Education”(4.3
percent) and Recreation and culture” (3.9 percent). “Communication” and “Clothing and footwear” groups
registered the lowest annual inflation rates of 1.1 and 0.2 percent respectively.
Chart 6: NCPI; Annual inflation for Minor groups (Dec 2012 = 100)
Namibia Consumer Price Index: December, 2015 11
BOX 2: CHART OF THE MONTHRecreation and culture
The annual inflation rate for the group “Recreation and culture” increased to 3.9 percent from 3.8 percent
recorded in the previous month. For the month of December 2015, this increase originated from the increasing
level of Other recreational items prices, which increased from 4.3 to 4.9 percent.
Chart 7: NCPI; Annual inflation for Recreation and culture (Dec 2012 = 100)
Namibia Consumer Price Index: December, 201512
Goods and Services InflationIn December 2015 the Index for Goods and Services stood at 117.1 and 109.6 respectively as compared to
the corresponding indices of 112.4 and 106.3 recorded during the same period last year. During the month of
December 2015, the monthly and annual inflation rates for Goods were 0.4 and 4.1 percent while those for
Services stood at 0.0 and 3.1 percent. Corresponding rates recorded during the same period in the previous
year stood at -0.3 and 5.3 percent and 0.0 and 3.7 percent respectively.
Chart 9: NCPI; Goods and Services monthly and annual inflation rates (Dec 2012 = 100)
Namibia Consumer Price Index: December, 2015 13
Table 1: NCPI: All-Items Index, monthly and annual percentage changes (Dec 2012 =100)
Period Index m-o-m y-o-y
Jan-13 100.9 0.9 6.2
Feb-13 101.4 0.4 5.8
Mar-13 101.9 0.6 5.9
Apr-13 102.3 0.3 5.9
May-13 102.4 0.1 5.8
Jun-13 102.7 0.2 6.2
Jul-13 103.4 0.7 5.9
Aug-13 103.8 0.4 6.0
Sep-13 104.1 0.3 5.4
Oct-13 104.5 0.4 4.9
Nov-13 104.7 0.2 4.4
Dec-13 104.9 0.1 4.9
An. Av 103.1 0.4 5.6
Jan-14 105.9 0.9 4.9
Feb-14 106.6 0.7 5.2
Mar-14 107.3 0.6 5.2
Apr-14 108.3 1.0 5.9
May-14 108.6 0.3 6.1
Jun-14 108.9 0.3 6.1
Jul-14 109.1 0.2 5.6
Aug-14 109.4 0.3 5.4
Sep-14 109.6 0.2 5.3
Oct-14 109.7 0.1 5.0
Nov-14 109.9 0.2 5.0
Dec-14 109.8 -0.2 4.6
An. Av 108.6 0.4 5.4
Jan-15 110.6 0.8 4.5
Feb-15 110.4 -0.2 3.6
Mar-15 110.9 0.4 3.4
Apr-15 111.5 0.5 2.9
May-15 111.9 0.4 3.0
Jun-15 112.3 0.3 3.0
Jul-15 112.7 0.4 3.3
Aug-15 113.1 0.3 3.4
Sep-15 113.2 0.1 3.3
Oct-15 113.4 0.2 3.4
Nov-15 113.6 0.2 3.3
Dec-15 113.8 0.2 3.7
An. Av 112.3 0.3 3.4
Namibia Consumer Price Index: December, 201514
Table 2: NCPI for December 2015 by main groups and sub-groups (Dec.2012=100)
WeightsCPI Inflation Rate
Dec-14 Nov-15 Dec-15 m-o-m y-o-y0.0 ALL ITEMS 100.00 109.8 113.6 113.8 0.2 3.7 GOODS 57.7 112.4 116.7 117.1 0.4 4.1 SERVICES 42.3 106.3 109.5 109.5 0.0 3.1 01 FOOD AND NON-ALCOHOLIC BEVERAGES 16.45 113.5 120.4 120.2 -0.1 5.9 Food 14.78 114.2 121.3 121.1 -0.1 6.1
Bread and cereals 4.84 110.1 118.5 117.5 -0.8 6.7Meat 3.53 119.3 124.9 123.9 -0.8 3.9Fish 0.81 106.9 110.1 111.8 1.5 4.5Milk, cheese and eggs 1.17 123.8 126.4 126.9 0.4 2.5Oils and fats 0.78 106.9 114.3 117.4 2.7 9.8Fruit 0.33 121.2 127.6 129.0 1.1 6.4Vegetables including potatoes and other tubers 1.23 117.7 127.5 128.6 0.8 9.2Sugar, jam, honey, syrups, chocolate and confectionery 1.44 111.8 122.5 122.1 -0.3 9.2Food products n.e.c. 0.65 112.1 117.8 117.9 0.1 5.2
Non-alcoholic beverages 1.66 107.9 112.3 112.2 -0.1 4.0 Coffee, tea and cocoa 0.31 114.9 119.7 121.3 1.3 5.6 Mineral waters, soft drinks and juices 1.35 106.3 110.6 110.2 -0.4 3.6 02 ALCOHOLIC BEVERAGES AND TOBACCO 12.59 116.1 123.8 124.9 0.9 7.6 Alcoholic beverages 9.99 116.7 124.3 125.8 1.1 7.7 Tobacco 2.61 113.5 121.8 121.4 -0.3 7.0 03 CLOTHING AND FOOTWEAR 3.05 107.4 106.4 107.6 1.1 0.2 Clothing 2.04 107.9 108.0 108.9 0.8 0.9
Clothing materials 0.07 112.0 114.8 115.3 0.4 3.0Ready-made clothing 1.93 107.7 107.7 108.6 0.8 0.8
Men’s clothing 0.53 112.9 112.8 114.3 1.4 1.2
Women’s clothing 0.58 102.5 101.8 101.9 0.2 -0.5
Children's clothing 0.66 108.7 109.5 110.6 1.0 1.7Boys’ clothing 0.19 111.1 112.1 113.8 1.4 2.4Girls’ clothing 0.26 108.0 110.3 111.3 0.9 3.1Infants’ clothing 0.09 104.8 99.5 99.5 0.0 -5.1
Other articles of clothing and clothing accessories 0.04 109.6 112.9 114.3 1.2 4.3 Dry cleaning, repair and hire of clothing 0.00 107.1 108.1 108.1 0.1 1.0 Footwear 1.01 106.2 103.0 104.9 1.8 -1.2 Adult footwear 0.80 104.5 100.6 103.5 2.8 -1.0 Children’s footwear 0.20 113.0 112.4 110.7 -1.5 -2.0 Repair of footwear 0.01 111.5 111.3 107.8 -3.1 -3.3 04 HOUSING, WATER, ELECTRICITY, GAS AND OTHER FUELS 28.36 106.6 109.1 109.4 0.3 2.7 Rental payments for dwelling (both owners and renters) 23.28 103.7 105.3 105.3 0.0 1.5 Regular maintenance and repair of dwelling 0.19 109.8 119.0 118.6 -0.3 8.0 Water supply, sewerage service and refuse collection 1.03 123.9 137.0 137.0 0.0 10.5 Electricity gas and other fuels 3.86 119.1 124.3 126.6 1.8 6.2
Namibia Consumer Price Index: December, 2015 15
Table 2: NCPI for December 2015 by main groups and sub-groups (Dec.2012=100)
WeightsCPI Inflation Rate
Dec-14 Nov-15 Dec-15 m-o-m y-o-y 05 FURNISHINGS, HOUSEHOLD EQUIPMENT AND ROUTINE
MAINTENANCE OF THE HOUSE5.47 109.3 112.1 112.5 0.3 2.9
Furniture, furnishings, decorations, carpets, floor coverings, incl. repairs
1.78 105.2 103.0 103.2 0.2 -1.9
Furniture and furnishings 1.69 104.7 102.2 102.3 0.1 -2.3 Carpets and other floorcoverings 0.07 111.3 112.7 115.2 2.2 3.5 Repair of furnishings and floor coverings 0.02 122.3 137.3 137.3 0.0 12.2 Household textiles 0.73 116.8 116.1 117.4 1.1 0.5 Heating and cooking appliances, refrigerators, washing
machines and similar major household appliances, etc0.92 109.9 117.8 117.7 -0.1 7.1
Glassware, tableware and household utensils 0.22 112.5 123.7 125.0 1.1 11.1 Tools and equipment for house and garden 0.43 107.9 112.4 112.0 -0.4 3.7 Goods and services for routine household
maintenance1.36 110.1 115.9 116.4 0.4 5.7
06 HEALTH 2.01 105.5 111.6 111.8 0.1 5.9 Medical products, appliances and equipment 0.84 103.9 110.2 110.5 0.3 6.3 Outpatient Services, medical, dental and paramedical 0.98 108.0 115.1 115.1 0.0 6.6 Hospital services 0.19 100.0 100.0 100.0 0.0 0.0 07 TRANSPORT 14.28 110.0 109.7 109.7 0.0 -0.3 Purchase of vehicles 2.88 116.0 123.1 122.2 -0.7 5.4 Operation of personal transport equipment 8.96 107.1 104.2 104.5 0.2 -2.4 Public transportation services 2.44 114.1 114.2 114.2 0.0 0.1 08 COMMUNICATIONS 3.81 100.1 101.2 101.2 0.0 1.1 09 RECREATION AND CULTURE 3.55 110.6 114.7 114.9 0.1 3.9 Audio-visual, photographic and data processing equip.
incl. repairs1.16 107.7 107.9 107.9 0.0 0.2
Other major durables for recreation and culture 0.08 115.3 122.6 122.6 0.0 6.3 Other recreational items and equipment; flowers,
gardens and pets 0.46 110.4 115.6 115.7 0.1 4.9
Recreation and cultural services 0.85 111.7 117.3 117.7 0.3 5.3 Newspapers, books and stationery 0.89 109.5 113.3 113.1 -0.2 3.3 Package holidays 0.11 138.5 168.6 171.4 1.7 23.8 10 EDUCATION 3.65 112.4 117.3 117.3 0.0 4.3 Pre-primary education (ages 2 to 6 years) 0.23 122.2 130.4 130.4 0.0 6.7 Primary (private) and Secondary education (ages 7 to
17 years) 1.44 109.7 113.0 113.0 0.0 3.0
Tertiary education 1.98 113.3 118.8 118.8 0.0 4.8
11 HOTELS, CAFES AND RESTAURANTS 1.39 110.2 119.6 117.8 -1.5 6.9 Catering 0.74 110.6 118.8 119.1 0.3 7.7 Accommodation services 0.65 109.6 120.7 116.3 -3.6 6.1 12 MISCELLANEOUS GOODS AND SERVICES 5.39 107.1 112.9 112.9 0.0 5.4 Personal care 1.41 108.6 113.3 112.9 -0.3 4.0 Personal effects n.e.c. 1.03 112.9 115.7 116.0 0.2 2.7 Insurance 0.74 105.4 108.8 108.8 0.0 3.3 Financial services n.e.c. 0.94 103.5 113.9 113.9 0.0 10.0 Other services n.e.c. 1.26 104.5 111.8 111.9 0.1 7.2
Namibia Consumer Price Index: December, 201516
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