Angola: Inflation moderates in December
Consumer prices in the province of Luanda rose 1.13% in December from the previous month, coming in slightly above November’s 1.02% month-on-month increase. According to the National Statistical Institute (Instituto Nacional de Estatística), November’s print was driven by higher prices in 11 of the 12 components of the index. Clothing and footwear and the water, electricity and fuel components where the two subcategories that increased the most.
Inflation moderated from 27.6% in November to 26.3% in December. Consequently, annual average inflation declined from 33.5% in November to 31.7% in December.