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.
Author: Almanas Stanapedis, Economist