Angola: Inflation ticks down in February
According to the Statistical Institute (Instituto Nacional de Estadística), consumer prices in the province of Luanda rose 1.0% in February from the previous month, down slightly from January 1.1% increase and the lowest reading in over a year. All 12 components of the index posted month-on-month increases, identical to the previous month.
Inflation in the province of Luanda ticked down from 17.9% in January to 17.8% in February. In turn, annual average inflation moderated from 19.7% in January to 19.3% in February, marking the lowest print in nearly three years.