TROLLEY TALK | March 2026
Namibia's annual inflation eased to 2.1% in March 2026, with core inflation sitting slightly higher at 3.2%, according to the Namibia Statistics Agency (NSA). On a monthly basis, inflation rose modestly to 0.2%, up from 0% the previous month.
Housing, water, electricity, gas and fuels remained the biggest driver, contributing 1.1 percentage points (pp) to the headline figure, followed by food and non-alcoholic beverages at 0.4pp and alcoholic beverages and all other groups at 0.3pp.
Across the zones, the cooling trend was broad-based. Zone 1 (Northern & North-Eastern regions) recorded the sharpest decline, with annual inflation falling from 4.2% to 1%, driven largely by retreating transport and food costs. Zone 2 (Khomas) eased from 4.1% to 3.2%, while Zone 3 (//Kharas, Erongo, Hardap & Omaheke) cooled from 4.4% to 2%, with food, transport, and alcohol and tobacco all pulling back.
Three zones. One clear direction, down.
