Angola Inflation November 2018

Angola

Angola: Inflation broadly stable in November

December 14, 2018

Consumer prices in the province of Luanda rose 1.4% in November from the previous month, unchanged from October’s print. According to the Statistical Institute (Instituto Nacional de Estadística), the increase was led by higher prices for health, hotels and restaurants, and clothing and footwear.

Inflation in the province of Luanda edged up to 17.8% in November, from 17.4% in October. Meanwhile, annual average inflation continued to fall in November coming in at 21.0%—the lowest reading since August 2016—from 21.8% in the previous month.

FocusEconomics Consensus Forecast panelists see inflation moderating gradually going forward and expect it to average 16.4% in 2019, down 0.3 percentage points from last month’s projection, and 13.6% in 2020.


Author:, Economist

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