Angola Inflation September 2021

Angola

Angola: Inflation comes in at highest level since June 2017 in September

October 12, 2021

Luanda-province consumer prices rose 2.34% in September over the previous month, largely in line with the 2.30% rise logged in August. September's figure was the highest reading since March and came on the back of notable price increases for food and non-alcoholic drinks, and alcoholic drinks and tobacco.

Luanda-province inflation increased to 30.2% in September, following August’s 29.7%. September's reading was the highest inflation rate since June 2017.

Analysts at the EIU added:

“With supply-side price pressures continuing, inflation will stay high, averaging 24.9% in 2021. We expect annual inflation to slow over the remainder of the forecast period as supply-side pressures ease. However, the eventual reduction in several subsidies, such as those for electricity and fuel, combined with currency depreciation, will keep prices fairly high.”

FocusEconomics Consensus Forecast panelists expect inflation to average 23.1% in 2021 and 16.3% in 2022.


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Angola Inflation September 2021

Note: Year-on-year and month-on-month variation of consumer price index in %.
Source: National Statistical Institute (INE, Instituto Nacional de Estatística)


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