STANDARD BANK LAUNCH STAPLE FOOD AND INFRASTRUCTURE INDICES

06 Dec 2019

The indices are significant information tools, designed to provide consumers, policymakers, investors and other stakeholders with evidence-based metrics to track staple food price fluctuations as well as developments concerning infrastructure.

The Standard Bank Staple Food Index monitors the monthly prices of a basket of 10 staple foods in 20 locations in the country. It aims to highlight how the cost of living differs across the country by monitoring the monthly prices of a basket of staple food items in different towns across Namibia. This Index will henceforth be released every quarter while the Infrastructure Index will be published once a year.

Covering the period from 2012 to 2018, the Standard Bank Infrastructure Index aims to monitor the status and progress of infrastructure development across Namibia based on four major components (transport, electricity, ICT, water and sanitation) that have a direct or indirect impact on productivity and economic growth.

It provides consolidated and comparative information on the status and progress of infrastructure development across Namibia. The Index is designed to serve as a tool for analysts, policy-makers and investors alike to provide an accurate and up-to-date picture of the current state of Namibia’s infrastructure development – serving as a platform for policy dialogue and guidance for resource allocation.

The compilation of these indices is in line with living the Standard Bank’s purpose - “Namibia is our home, we drive her growth” – and therefore the Bank feels duty bound to play a leading advisory role to consumers, policymakers, investors and other stakeholders to make the right investment decisions.


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