Angola Inflation May 2018

Angola

Angola: Inflation continues easing in May

June 14, 2018

Consumer prices in the province of Luanda rose 1.20% in May in monthly terms, ticking up marginally from the previous month’s 1.16% month-on-month increase. According to the National Statistical Institute (Instituto Nacional de Estadística), a notable increase in the prices for leisure, recreation and culture; health; clothing and footwear; and alcoholic beverages and tobacco drove May’s print.

Inflation in the province of Luanda fell from the previous month’s 21.3% to 20.7% in May. The result marked the seventh consecutive monthly decline and the lowest print in over two years. Lastly, annual average inflation fell from 27.0% in April to 25.9% in the surveyed month, the lowest reading since September 2016.

FocusEconomics Consensus Forecast panelists expect inflation of 24.8% in 2018, which is down 1.3 percentage points down from last month’s projection. For 2019, the panel foresees inflation of 18.4%.


Author:, Economist

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Angola Inflation May 2018

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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