Angola Inflation October 2022

Angola

Angola: Inflation falls for the ninth consecutive month in September

November 12, 2022

Inflation came in at 16.7%, which was down from September’s 18.2%. September’s result marked the lowest inflation rate since November 2019. Elevated oil prices in recent months have strengthened the kwanza, which kept imported inflation at bay. Moreover, fuel and food subsidies helped reduce domestic price pressures.

Meanwhile, the trend pointed down as annual average inflation cooled to 23.5% in October from 24.4% in September.

Lastly, consumer prices increased 0.78% over the previous month in October, easing from the 0.79% increase logged in September.

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FocusEconomics panelists expect inflation to average 13.2% in 2023, which is down 0.3 percentage points from last month’s projection, and 11.6% in 2024.


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Angola Inflation June 2022 6

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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