Angola: Inflation dips slightly in January but remains painfully high
February 14, 2017
Consumer prices in the province of Luanda rose 2.29% in January from the previous month, above December’s 2.17% rise. According to the National Statistical Institute (Instituto Nacional de Estatística), January’s figure reflected a broad-based increase in prices, with a particularly significant uptick in prices for alcoholic beverages and tobacco, education and clothing and footwear.
Inflation edged down from a multi-year high of 41.9% in December to 40.4% in January, while annual average inflation rose from 32.4% in December to 34.3% in January, the highest figure in nearly twelve years.
Author: Oliver Reynolds, Economist