Angola: Inflation soars to highest rate in over three years

In July, consumer prices rose 1.35% over the previous month, which was above the 1.26% increase recorded in the previous month and marked the highest value since December 2011.

Inflation soared from 9.6% in June to 10.4% in July, which was the highest level since May 2012. In addition, annual average inflation increased from 7.8% in June to 8.1% in July, thus reaching the highest reading in over a year.

FocusEconomics Consensus Forecast participants expect inflation to be at 9.2% in 2015, which is up 0.1 percentage points over last month’s projection. For 2016, the panel sees inflation falling to 8.1%.