Angola Inflation June 2022

Angola

Angola: Inflation eases further in June

July 15, 2022

Consumer prices increased 0.84% in June over the previous month, ticking down from the 0.92% rise logged in May. The overall increase was spearheaded by rising prices for health services, transport, clothing and footwear, and alcoholic beverages and tobacco. In contrast, prices for food and non-alcoholic beverages rose at a more moderate pace.

Inflation fell to 23.0% in June, from 24.4% in May, marking the lowest reading since July of 2020. Moreover, the trend pointed down marginally, with annual average inflation coming in at 26.1% in June, down from May’s 29.1%. Lastly, inflation in Luanda eased to 23.3% at the end of Q2 (May: 25.1%).

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 2

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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