The annual inflation rate in Namibia increased to 3.1% in April 2026, the highest in four months, compared to 2.1% in March which was the lowest level since July 2020. The largest upward pressure came from cost of housing and utilities (4.4% vs 4.1%), mostly electricity, gas and other fuels (4% vs 1.5%) and rental payments for dwellings (4.7% vs 4.6%). Transport prices also rebounded (5% vs -1.7%), with cost of operation of personal transport equipment recording an increase of 7.3% and petrol/diesel rising 10.3%. Prices of food and non-alcoholic beverages also accelerated (2% vs 1.7%), with fruit (10.9%), coffee, tea and cocoa (4.6%), meat (3.8%) and vegetables (3.7%) recording the biggest increases. Prices also went up for alcoholic beverages and tobacco (1.8% vs 1.9%). Compared to the previous month, the CPI rose 1.1%, the most since January 2025, after a 0.2% rise in March.