Namibia

Namibia’s inflation rate continued to decelerate, reaching a one-year low of 4.5% in July, compared to 5.3% in June, mainly due to a rapid decline in transportation prices. Separately, Rwanda’s annual inflation in July fell to a one-year low of 17.3%, down from 20.4% in June. Consumer prices remained steady MoM after a 0.4% decline in June.