Housing and utility prices increased significantly

Martin Endjala According to the Namibia Statistics Agency’s annual inflation rate for September 2023, Consumer Index for housing, water, electricity, gas and other fuels component has increased from 2.1 to 3.0 percent, accounting for 28.4 percent of the consumer spending. The increase in the annual inflation rate for this category was mainly reflected in the subgroup of Electricity, gas, and other fuels which registered 7.7 percent compared to 5.0 percent witnessed in September 2022, and rental payments of dwellings recorded 2.1 percent compared to 1.4 percent recorded in September of the preceding year. During September 2023, Statistician-General and Chief Executive…