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Namibian Inflation Hits 5.6% As Cost Of Living Crisis Deepens

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Cost of living crisis: UK inflation hits 40-year high of 9% Channel 4 News 3.74M subscribers 3.3K UK inflation rises to highest rate in 40 years as cost of living crisis deepens Channel 4 News 3.72M subscribers 1.4K

Namibia’s real gross national income per capita is 8% below that of 2015, overall food inflation has doubled, individuals’ personal loans and credit card debt have spiked by The UN says governments and banks must step up to prevent more people from falling into poverty, as the cost of living crisis hits low-income earners the hardest. So the squeeze on living standards is set to get worse as the year goes on. And while those on the lowest incomes are being hit hardest, the cost of the living crisis is affecting almost everyone.

Bank of Namibia’s interest rate hike: Nail on the Head

Inflation in northern regions relatively high - Namibian Sun

Inflation is the bad news that keeps on coming. Today’s figures show that it has crept up again to just over 9 per cent, the worst in four decades. (Subscrib

Slight inflation was turned into a much bigger issue through War, intentional OPEC price manipulation, and Chinese perpetual rolling COVID shutdowns. And even with the inflation and all its issues, the bigger risk was an economic catastrophe that beloved austerity clowns made from 2009 – 2015, which not only caused wage stagnations

Residents at Oranjemund are preparing to stage a protest in the coming weeks amid growing frustration over a worsening housing crisis at the southern town. Eviction [] Cost of living – get the latest news, video, and in-depth analysis about inflation, budgeting, DWP payments and benefits from the experts across the BBC.

Inflation Overview Domestic Inflation – Domestic annual headline inflation increased to 4.9 percent in May 2024, translating into a 0.3 percentage point increase in the consumer price index (CPI) on a monthly basis. The biggest contributors towards the annual inflation rate were the Transport (1.2 percentage points), Food and Non-Alcoholic Beverages (0.9 percentage points), Alcoholic Butter, milk, ready meals and bread. They’re all soaring in price, and the rising cost of food has helped to push inflation into double digits – its highest level for more than 40 years.

  • Food inflation rockets to record 13.3% as cost of living crisis deepens
  • Inflation hits new high as cost of living crisis deepens
  • Inflation hits fresh 40-year high as cost of living crisis deepens

More evidence shows the cost-of-living crisis is deepening. (ABC News: Claire Moodie) Official inflation figures out today show inflation rose 4 per cent in the year to May.

Although the inflation rate in Namibia has not reached the double or even triple-digit figures witnessed in some of the world’s worst-faring economies, the pre-existing socio-economic challenges pervading Namibian society prior to the onset of the cost of living crisis have imposed critical structural limitations on individual abilities to withstand the added financial pressures

Poorest need most help as cost of living crisis deepens

British inflation is running at 10.4%, causing a cost-of-living crisis that rights groups and researchers say is widening digital divides for poorer households who may be forced to cut back on non

Inflation increases to 6,6% in April - The Namibian

UK grocery inflation continued to climb during February to reach a new record high of 17.1%, according to closely-watched industry data. Kantar Worldpanel reported that the increase over the past

Even though inflation is no longer high, the cumulative effect of rising prices means households face a much higher cost of living than in 2021. Households that were struggling before the period of high inflation have been most severely

In 2022, the United Nations Development Programme estimated that the global cost of living crisis had pushed over 51 million people into extreme poverty at the US$ 1.90-a-day poverty line with an additional 20 million people falling into poverty at the US$ 3.20-a-day benchmark, bringing the net cumulative figure to 22.7% of the world’s population. [] Steven Cameron, Pensions Director at Aegon, on the latest inflation release from the ONS. Inflation (CPI) hits 9% in April, the highest for 40 years. Aegon research shows nine in ten adults are concerned about the impact of the cost-of-living

The increased cost-of-living crisis sparked by surging inflation last year, combined with the lingering effects of the COVID-19 pandemic, is continuing to push people in Asia and the Pacific into extreme poverty, according to a new report by the Asian Development Bank.

Food inflation rockets to record 13.3% as cost of living crisis deepens Helen Dickinson, of the British Retail Consortium, said ‘it was a challenging Christmas for many households across the UK’ As the cost-of-living crisis intensifies, New Zealand is witnessing a significant exodus of its citizens, with over 131,200 Kiwis leaving for foreign shores in the past year alone. This mass migration, which marks a 70 percent increase since June 2019, stems from a perfect storm of soaring prices Billions of people are facing the greatest cost of living crisis in a generation due to rising food and energy prices amid rapid inflation and increasing debt, leaving the most vulnerable consumers in a dire situation, said the UN trade and development body, UNCTAD on Tuesday.

Cost of living crisis: UK inflation hits 40-year high of 9%

The ongoing cost-of-living crisis has sparked violent protests around the world. Global inequality has surged following the COVID pandemic

PREFACE This report examines the monthly inflation rate performance in Namibia as measured by the Namibia Consumer Price Index (NCPI). The inflation rate measures the change in the Consumer Price Index (CPI) for the month under review compared to the previous month (month-on-month changes) as well as to the corresponding month in the previous year (year-on-year

Inflation hits fresh 40-year high as cost of living crisis deepens Fuel and food were among the biggest drivers of price growth across the economy Anna Isaac Wednesday 22 June 2022 18:31 BST 0 COST OF LIVING The prices of goods and services in Namibia increased by 5.6% during April 2022 compared to 3.9% recorded in April 2021, an increase of 1.7 percentage points. In March 2022, Namibia’s PREFACE This report examines the monthly inflation rate performance in Namibia as measured by the Namibia Consumer Price Index (NCPI). The inflation rate measures the change in the Consumer Price Index (CPI) for the month under review compared to the previous month (month-on-month changes) as well as to the corresponding month in the previous year (year-on-year

A rise in the cap on domestic fuel bills is expected to push inflation all the way to 7.5% in April. So the squeeze on living standards is set to get worse as the year goes on. Live updates: Inflation hits 9% as cost of living crisis deepens When might the inflation rate come down?

Confirmation today that in the year to April, inflation hit a 40-year high. The figure of 9% was expected and yet shocking – the government seemingly at a loss.

Namibians, much like people worldwide, find themselves confronting a pressing cost of living crisis. In brief, here’s why: the country likely faces double-digit inflation, and