Angola Inflation January 2017

Angola

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.

FocusEconomics Consensus Forecast panel participants expect inflation of 29.6% in 2017, which is unchanged from last month’s projection. For 2018, the panel foresees inflation of 20.5%.


Author:, Economist

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Angola Inflation January 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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