Angola Inflation November 2017

Angola

Angola: Inflation declines in November

November 14, 2017

Consumer prices in the province of Luanda rose 1.02% in November from the previous month, coming in below October’s 2.98% month-on-month increase. According to the National Statistical Institute (Instituto Nacional de Estatística), November’s print was driven by a soft increase in prices for food and non-alcoholic beverages and clothing and footwear. It marked the softest month-on-month increase in price levels since April 2015.

Inflation moderated from 29.0% in October to 27.6% in November. Consequently, annual average inflation declined from 34.1% in October to 33.5% in November.

FocusEconomics Consensus Forecast panelists expect inflation of 18.6% in 2018, which is up 0.7 percentage points from last month’s projection. For 2019, the panel sees inflation of 13.6%.


Author: Jean-Philippe Pourcelot, Economist

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Angola Inflation November 2017

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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