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.