Angola Inflation February 2023

Angola: Inflation declines further in February

Inflation dropped to 11.6% in February below January’s 12.5%. February’s figure represented the lowest inflation rate since August 2015. A strong harvest and fuel subsidies are key drivers of inflation’s continued downtrend.

Meanwhile, the trend pointed down as annual average inflation dropped to 18.8% in February from 20.1% in January.

Finally, consumer prices rose 0.86% from the previous month in February, accelerating from January’s 0.83% rise.

FocusEconomics panelists expect inflation to average 12.5% in 2023, which is down 0.5 percentage points from last month’s projection, and 12.3% in 2024.

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