Angola Inflation July 2018

Angola

Angola: Inflation drops to a two-and-a-half-year low in July

August 15, 2018

Consumer prices in the province of Luanda rose 1.2% in July from the previous month, unchanged from June’s print. According to the National Statistical Institute (Instituto Nacional de Estadística), July’s result was largely driven by higher prices for food and non-alcoholic beverages, and clothing and footwear.

Meanwhile, inflation in the province of Luanda fell from 20.2% in June to 19.5% in July, marking the lowest reading in two-and-a-half years. In turn, annual average inflation fell to a near two-year low of 24.1% in July, from 24.9% in June.

Angola Inflation Forecast


FocusEconomics Consensus Forecast panelists expect inflation of 24.1% in 2018, which is down 0.7 percentage points from last month’s projection. For 2019, the panel foresees inflation of 18.3%.


Author:, Economist

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Angola Inflation Chart


Angola Inflation July 2018

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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