16
Jan
Martin Endjala The annual inflation rate in the transport category exhibited a significant slowdown, recording 4.0 percent in December 2023. This was a notable decrease from the 5.1 percent recorded in November 2023 and a sharp deceleration from the 14.8 percent reported in December 2022. According to Simonis Storm Economist Halleluya Ndimulunde, this slowdown can be attributed to the subcategory of personal transport equipment, which benefited from a reduction of 130 cents in the prices of both diesel and petrol in December 2023. Ndimulunde noted that this pricing adjustment was announced by the Namibian Ministry of Mines and Energy, emphasizing…