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.
Author: Almanas Stanapedis, Economist