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Windhoek residents pay more for cooking oil – News

Residents of Windhoek pay more for pure sunflower oil than those in cities across the country.

According to the Namibia Statistics Agency (NSA) Consumer Price Index for June, residents of Khomas region pay N$31.32 for 750 ml of cooking oil.

NSA data showed that Zone 3 (Kharas, Erongo, Hardap and Omaheke regions) paid N$30.26, while Zone 1 (Kavango East, Kavango West, Kunene, Ohangwena, Omusati, Oshana, Oshikoto, Otjozondjupa and Zambezi regions) paid the least, N$29.13.

However, the inhabitants of Khomas are the ones who pay the lowest price for 2.5 kg of white bread flour.

“Average retail prices of selected commodities revealed that consumers in Zone 3 paid the highest price for white bread flour at N$56.63, followed by consumers in Zone 1 at N$55.99, while consumers in Zone 2 paid the lowest price at N$55.11,” says Statistician General Alex Shimuafeni.

Inflation rose to 4.6% in June.

“The largest contributor to the 4.6% annual inflation rate in June 2024 was transportation, which accounted for 1.3%,” the NSA report said.

Bread and cereal prices rose by 0.3%, down from 17.3% in June last year.

Corn flour, pasta, wheat flour and rice were the foods that experienced the largest price declines, contributing to the slow rise in food prices.

The price of vegetables, including potatoes and other root crops, increased by 5.5% compared to 18.5% in June 2023, the NSA said.

Specific products that experienced large price declines include potatoes, onions, cabbage, lettuce, cucumbers and sweet potatoes.

Fish prices also increased at a slower pace (4.6%) compared to June last year (11.7%).

“The slow increase in this category was reflected in the price levels of dried, smoked or salted fish and seafood (from 12.8% to -6.3%); and fresh, chilled and frozen fish (from 12.8% to 6.1%).

Meat prices also rose by 3.5%, compared with 8.3% last year. This slowdown is due to falling prices for pork, biltong and tinned meat.

“The slow increase in the annual inflation rate for this subcategory emanated from changes in the price levels of pork (from 21.8% to 0%), ham (from 18.8% to 3.2%), biltong (from 6.4% to -8.4%) and tinned meat (from 11.8% to -0.7%),” the report said.

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