Namibia June consumer prices rise 3.7% yy

Namibia June consumer prices rise 3.7% yy

Namibia's consumer prices increased by 3.7% year-over-year (YoY) in June 2025, according to the latest data from the Bank of Namibia. This marks a slight increase from the previous month's inflation rate of 3.6%, but remains within the central bank's target range of 3% to 7% [1].

The rise in consumer prices was primarily driven by lower transport and housing costs, which offset some of the inflationary pressures. However, the current account deficit widened due to increased oil exploration outflows and higher dividend payments to foreign investors, suggesting that external factors may have contributed to the overall inflationary trend [1].

In contrast, the European markets remained relatively stable, with major indexes showing minimal changes. The pan-European Stoxx 600 index dropped by 0.12%, while individual indexes such as the London FTSE 100 and the German DAX experienced marginal gains or losses [2]. The focus of European investors remained on the ongoing trade negotiations between the U.S. and its main partners, with expectations that the EU will not receive a letter from the Trump administration laying out higher tariffs and potential exemptions from the U.S. baseline levy of 10% [2].

The U.S. 10-year Treasury yield increased by less than 1 basis point to 4.40%, while Germany's 10-year yield rose by 3 basis points to 2.64%. The euro (EUR:USD) rose slightly above $1.175, nearing its highest level since August 2021 [2].

In summary, Namibia's consumer prices rose by 3.7% YoY in June 2025, driven by lower transport and housing costs. The European markets remained stable, with investors focusing on U.S.-EU trade negotiations. The U.S. and German bond yields increased, while the euro strengthened against the U.S. dollar.

References:
[1] https://www.facebook.com/BankofNamibia/posts/just-released-bank-of-namibias-june-2025-quarterly-bulletinnamibias-economy-cont/1164639449041765/
[2] https://seekingalpha.com/news/4465745-european-indexes-flat-awaiting-progress-on-eu-us-deal