Governor of the Bank of Namibia inflation risk

Food, fuel price hikes biting

Life is seriously becoming expensive in Namibia and it skyrocketing further is to be expected. The price increases that have been seen since the onset of the Covi-19 pandemic have not been witnessed in recent history in Namibia. What is clear is that Covid-19 did not only turn the health systems upside down, but also had a serious impact on the world economy. The mass lockdowns experienced worldwide, to stop or slow the spread of the virus, had unintended consequences, such as interruption in production of essential goods and created shortages, thereby pushing up prices. The lockdowns also affected the…
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