Oil and bread more expensive in Windhoek

Statistician general Alex Shimuafeni says bread and pure sunflower oil (750 ml) are more expensive in the Khomas region (Zone 2) compared to other regions.

The Namibia Consumer Price Index report for January showed that bread cost N$14,18 in Windhoek, while the same bread costs N$13,91 in //Kharas, Erongo, Hardap, Omaheke regions (Zone 3).

Kavango East, Kavango West, Kunene, Ohangwena, Omusati, Oshana, Oshikoto, Otjozondjupa, and Zambezi regions (Zone1) paid N$13,98.

Pure sunflower oil (750 ml) consumers in Zone 2 paid the highest price of N$32,42, followed by Zone 1 at N$31,79, while Zone 3 paid the least price of N$31,38.

“The annual inflation rate for January 2024 stood at 5,4% compared to 7% recorded in January 2023. On a monthly basis, the inflation rate increased to 1,3% compared to a deflation of 0,1% recorded a month earlier.

The zonal inflation rates for the month of January 2024 revealed that Zone 2 recorded the highest annual inflation rate of 5,7%,” said Shimuafeni.

There have also been price increases in different areas.

Entertainment and culture experienced a rise of 10,6%, while alcoholic beverages and tobacco saw a 7,3% increase.

Hotels, cafes and restaurants observed a 6,6% increase, while food and non-alcoholic beverages saw a 6,5% increase.

Transportation costs rose by 6,1%.

Prices for bread and cereals increased by 0,2%, showing a slower pace than the 22,3% in the same month last year.

The slow growth is attributed to specific items within this category.

The prices of oils and fats increased by 3,0%, indicating a slower pace compared to the 16,8% growth recorded a year ago.

The slow increase is observed in items like cooking oil, cooking fats and margarine.

– email:[email protected]:@ShaniaLazarus