Prices of goods and services are expected to increase as Namibia’s overall inflation is projected to average around 4.4 percent for 2022

Tujoromajo Kasuto Prices of goods and services are expected to increase as Namibia's overall inflation is projected to average around 4.4 percent for 2022 and 4.5 percent in 2023, up from 3.6 percent recorded in 2021. Bank of Namibia’s Governor Johannes !Gawaxab says although the overall inflation remains within a reasonable range, food and transport is expected to increase in the near future and may continue to have a disproportionate effect on the low-income segment of the society and therefore require close monitoring. The increase in inflation is mainly driven by higher prices for food, transport and housing. “This was…