Food inflation will 'average out'
``We expect food inflation to accelerate to around 7.3 percent in May before it peaks around 8.5 percent in June. Despite our expectations of a short-term acceleration, we think food inflation will average 6.8 percent this year compared to 8.8 percent in 2012,'' said Daniel Motinga, Head of Research at FNB Namibia.
Food inflation fell to 8.53 per cent for the week ended on April 23 on the back of fall in prices of pulses, reversing the upward trend seen in the previous fortnight.