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Food and transport shoot up cost of living

Food and transport shoot up cost of living

Zorena Jantze


THE cost of living continues to be on the upward trend, with the annual inflation rate increasing by 4.1% in June 2021, compared to 2.1 % recorded in June 2020.


On a monthly basis, the inflation rate increased by 0.5% compared to 0.3% recorded a month earlier.


The main contributors to the inflation rate for June 2021 were food and non-alcoholic beverages (1.3 percentage points); Transport (1.3 percentage points); Alcoholic beverages & tobacco (0.3 percentage points); Housing, Water, Electricity, Gas and Other fuels (0.3 percentage points);  Furnishings,  household equipment and routine maintenance of the house (0.3 percentage points); and Miscellaneous goods and services (0.3 percentage points).


Food transport cost living annual inflation rate increasing 2021 recorded
INCREASING FOOD PRICES: picture for illustrative purposes only. Photo: TreeHugger


Food and non-alcoholic beverages, together with transport, continue to be the major drivers of inflation during the month of June 2021, with each accounting for 32% of total change.


The Zonal inflation rates for the month of June 2021 revealed that Zone 1 (Kavango East, Kavango West, Kunene, Ohangwena, Omusati, Oshana, Oshikoto, Otjozondjupa, and Zambezi regions) recorded an annual inflation rate of 3.9%, Zone 2 (Khomas Region) recorded an annual inflation rate of 3.7%, while Zone 3, (Erongo, Hardap Omaheke and //Kharas regions) registered inflation rate of 4.9%.


On a monthly basis, Zone 1 recorded an inflation rate of 0.4%, Zone 2 recorded 0.5%, while Zone 3 recorded the highest inflation rate of 0.6%.


The average retail prices of selected products for the month of June 2021 revealed that consumers residing in Zone 3 paid more for beef at N$132.65 per kg, followed by Zone 2 with N$126.21 per kg, while consumers in Zone 2 paid more for chicken assorted pieces (1.5 kg) at N$72.12 followed by Zone 3 at N$70.96.


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