{"id":324218,"date":"2022-08-12T10:30:00","date_gmt":"2022-08-12T08:30:00","guid":{"rendered":"https:\/\/informante.web.na\/?p=324218"},"modified":"2022-08-12T11:30:14","modified_gmt":"2022-08-12T09:30:14","slug":"inflation-rate-remains-high-in-july","status":"publish","type":"post","link":"https:\/\/informante.web.na\/?p=324218","title":{"rendered":"Inflation rate remains high in July"},"content":{"rendered":"<p>Business Reporter<\/p>\n<p>IN July 2022, the annual inflation rate increased by 6.8% compared to 4.0% recorded in July 2021.<\/p>\n<p>On a monthly basis, the inflation rate remained unchanged at 1% when compared to a month earlier. This is according to the monthly Consumer Price Index released by the Namibia Statistics Agency (NSA) for the month of July 2022.<\/p>\n<p>The report revealed that the Transport and Food and non-alcoholic beverages components continued to be the main contributors to the annual inflation rate, with a contribution of 3.0 percentage points and 1.5 percentage points respectively.<\/p>\n<p>The Zonal inflation rates for the month of July 2022 revealed that Zone 2 (Khomas) recorded the highest annual inflation rate of 7.7%, followed by Zone 3 (Hardap, Omaheke, \/\/Kharas, and Erongo) at 6.6% and Zone 1 (Kavango East, Kavango West, Kunene, Ohangwena, Omusati, Oshana, Oshikoto, Otjozondjupa, and Zambezi), which recorded an annual inflation rate of 6.2%.<\/p>\n<p>On a monthly basis, Zone 2 and Zone 3 recorded the highest inflation rate of 1.1% each, while Zone 1 recorded the lowest monthly inflation rate of 0.7%.<\/p>\n<p>Analysis of the average retail prices of selected products for the month of July 2022 revealed that consumers in Zone 2 paid the highest price for Brown Bread at N$12.46, followed by Zone 3 at N$11.91, while consumers in Zone 1 paid the lowest price of N$11.48. For Pure Sunflower Oil (750ml), consumers in Zone 1 paid the lowest price at N$39.97, while the highest price was paid by consumers residing in Zone 2 at N$43.22.<\/p>\n<p>UPWARD TREND: Picture for illustrative purposes only.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Business Reporter IN July 2022, the annual inflation rate increased by 6.8% compared to 4.0% recorded in July 2021. On a monthly basis, the inflation rate remained unchanged at 1% when compared to a month earlier. This is according to the monthly Consumer Price Index released by the Namibia Statistics Agency (NSA) for the month &#8230;<\/p>\n","protected":false},"author":10,"featured_media":324219,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27,24],"tags":[],"class_list":["post-324218","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Inflation rate remains high in July - Informant\u00e9<\/title>\n<meta name=\"description\" content=\"IN July 2022, the annual inflation rate increased by 6.8% compared to 4.0% recorded in July 2021. 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