Angola: Inflation continues easing in April
May 16, 2018
Consumer prices in the province of Luanda rose 1.16% in April in monthly terms, decelerating slightly from the previous month’s 1.38% month-on-month increase. According to the National Statistical Institute (Instituto Nacional de Estadística), April’s print came on the back of a broad-based increase in prices; prices for 11 of the 12 components of the index rose from the previous month, whereas one component remained flat. A notable increase in the prices for leisure, recreation and culture; health; and clothing and footwear drove the monthly print. Meanwhile, as in the previous month, education was the only component for which prices were unchanged in April.
Inflation in the province of Luanda fell from the previous month’s 22.3% to 21.3% in April. The result marked the sixth consecutive monthly decline and the lowest print in over two years. Lastly, annual average inflation fell from 28.3% in March to 27.0% in the surveyed month, the lowest reading since September 2016.
Angola Inflation Forecast
FocusEconomics Consensus Forecast panelists expect inflation of 26.1% in 2018, which is unchanged from last month’s projection. For 2019, the panel foresees inflation of 20.4%.
Author: Almanas Stanapedis, Economist