Consumers get a break as prices ease
18 Jul 2012 - Story by Desie Heita
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WINDHOEK - The prices of household goods went down during June, with notable decreases in prices for food, according to the June consumer price index issued by the Namibia Statistics Agency.

During June the prices of items such as fruits decreased by 2,0 percent and milk, cheese and eggs recorded a 1,8 percent decrease, while bread and cereals recorded a 1,2 percent decrease.

General foods decreased by 0,7 percent and vegetables including potatoes and other tubers went down by 0,1 percent.
The overall All Items Index for June decreased by 0,4 percent from 191,7 in May to 191,3.

The index for food and non-alcoholic beverages for June decreased to 223,0 a monthly decrease of 1,4 percent from the 224,4 recorded in May. The monthly inflation rate for June was estimated at –0,2 percent, compared to 0,2 percent recorded the previous month.

The decrease in the monthly inflation rate is a result of monthly decreases in food and non-alcoholic beverages, which went down 0,6 percent, while alcoholic beverages and tobacco and transport decreased by 0,2 percent.

A 5,6 percent annual inflation was recorded for June compared to the 5,4 percent recorded in the same month last year.

The annual inflation rates for the major groups comprising the Namibia Consumer Price Index were 6,7 percent for food and non-alcoholic beverages, 4,4 percent for housing, water, electricity, gas and other fuels and 7,9 percent for transportation.