Angola Inflation August 2023

Angola: Inflation comes in at highest level since December 2022 in August

Inflation came in at 13.6% in August, up from July’s 12.1%. August’s figure was the highest inflation rate since December 2022. Inflation has been on the rise in recent months due to a sharp depreciation of the kwanza, caused by reduced Central Bank interventions amid low export revenues. Moreover, the government’s decision to reduce a fuel subsidy in early June has led to a significant increase in gasoline prices, which further boosted inflation.

Finally, consumer prices rose 2.04% in August over the previous month, accelerating from July’s 1.60% rise. August’s uptick marked the highest reading since December 2021.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest