Namibia’s annual inflation rose to 4,5-percent in December, from 4,1-percent the previous month. According to a report by Simonis Storm Securities, the average annual inflation for 2021 stood at 3,6-percent. In their Economic Outlook 2022 report, Simonis highlighted shortages in various product markets which would exert inflationary pressures on food and general imports. The biggest drivers of local inflation remain transport at 43,4-percent, food and non-alcoholic beverages, 21,1-percent and alcoholic beverages and tobacco,11,7-percent.