Angola Inflation July 2022

Angola

Angola: Inflation eases further in July

August 12, 2022

Consumer prices increased 0.81% in July over the previous month, ticking down from the 0.84% rise logged in June. July’s result marked the weakest monthly price increase since April 2015. The overall increase was, however, spearheaded by rising prices for food and non-alcoholic beverages.

Inflation moderated to an over two-year low of 21.4% in July, down from June’s 23.0%. Moreover, the trend pointed down as annual average inflation dropped to 25.8% in July, from 26.2% in June. Lastly, inflation in Luanda eased to 21.4% in the same month (June: 23.3%.

FocusEconomics panelists expect inflation to average 23.3% in 2022, which is up 1.2 percentage points from last month’s projection, and 15.5% in 2023.


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Angola Inflation June 2022 3

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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