Angola: Inflation accelerates notably in September

Consumer prices in the province of Luanda soared 5.0% in September from the previous month, well above the 1.2% increase recorded in August. According to the Statistical Institute (Instituto Nacional de Estadística), the category of housing, water, electricity and fuel posted the largest price increase by far.

Meanwhile, inflation in the province of Luanda came in at 21.8% in the month, above August’s over two-and-a-half year low of 19.0%. In contrast, annual average inflation fell to an over two-year low of 23.0% in September, from 23.5% in August.

Angola Inflation Forecast

FocusEconomics Consensus Forecast panelists see inflation moderating gradually going forward and expect it to average 18.2% in 2019, which is down 0.7 percentage points from last month’s forecast, and 15.4% in 2020.