Angola Inflation July 2019

Angola

Angola: Inflation edges up in July

August 13, 2019

Consumer prices in the province of Luanda rose 1.5% in July from the previous month, accelerating from June’s 1.1% increase and marking the highest print so far this year. According to the Statistical Institute, 10 out of index’s 12 sub-components posted month-on-month price increases, led by higher prices for utilities; hotels, cafes and restaurants; and clothing and footwear.

Inflation in the province of Luanda edged up for the first time in seven months in July coming in at 17.6%, accelerating from an over three-year low of 17.3% in June. Nevertheless, annual average inflation continued trending downwards in July, ticking down to an over three-year low of 17.9%, from 18.0% in June.

FocusEconomics Consensus Forecast panelists see inflation moderating gradually going forward and expect it to average 17.0% in 2019, down 0.1 percentage points from last month’s projection, and 13.3% in 2020.


Author:, Economist

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Angola Inflation July 2019

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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