Angola Inflation November 2021

Angola: Inflation eases to eight-month low in November

Consumer prices increased 2.13% over the previous month in November, a smaller increase than the 2.16% rise recorded in October. November’s result marked the weakest reading since January this year, and was driven by softer price growth for clothing and footwear, and food and non-alcoholic beverages offsetting an uptick in the price level for housing, water, electricity and fuels.

Inflation came in at October’s 30.4% in November . Meanwhile, annual average inflation rose to 28.3% in the month, up from 27.9% in October.

Analysts at the EIU added:

“We forecast that inflation will moderate in 2022 as supply-side pressures ease (with the supply of food and other goods improving), although inflation will remain high, averaging 18.8% over the year, from an estimated average of 25.5% in 2021.”

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