Simonis Storm forecasts further increases in consumer prices

November 12, 2026 2

Namibia’s consumer costs are set for a sharp upward push over the coming months, with annual inflation projected to peak at 6.7% in February and March 2027, according to a fresh outlook by research firm Simonis Storm. Driven primarily by rising fuel prices, annual inflation is expected to accelerate to 6.4% this month before holding between 6.5% and 6.7% through the first quarter of next year. The forecast follows October’s inflation rate rising to 5.6%, up from 5.4% in September. Analysts expect relief by mid-2027, with inflation projected to cool to 6.0% in April and ease down to 5.0% by May and June as high base effects from early 2026 drop out of the annual comparison.

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