Angola Inflation August 2017

Angola

Angola: Inflation dips once more in August, but remains elevated

September 12, 2017

Consumer prices in the province of Luanda rose 1.66% in August from the previous month, down from July’s 1.77%. According to the National Statistical Institute (Instituto Nacional de Estatística), August’s figure reflected a broad-based increase in prices, with particularly significant upticks in prices for healthcare, recreation and culture, and tobacco and alcoholic beverages.

Inflation dropped from 29.0% in July to 27.0% in August, the lowest rate since April 2016 and marking the eighth consecutive monthly decline. The latest inflation figures confirm that price pressures are declining after intensifying last year due to the effects of higher fuel prices and the depreciation of the kwanza. This is a clear sign that the National Bank of Angola’s (BNA) significant tightening cycle engaged in 2016 is bearing fruit.

FocusEconomics Consensus Forecast panel participants expect inflation of 29.6% in 2017 and 18.0% in 2018.


Author:, Economist

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Angola Inflation August 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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