Angola Inflation August 2022

Angola

Angola: Inflation falls to 28-month low in August

September 12, 2022

Inflation came in at 19.8% in August, which was down from July’s 21.4%. August's reading marked the lowest inflation rate since March 2020. Elevated oil prices in recent months have strengthened the kwanza, which kept imported inflation at bay. Additionally, fuel and food subsidies helped ease domestic prices pressures.

Finally, consumer prices increased 0.76% in August over the previous month, slowing down from the 0.81% increase logged in July. August's result marked the weakest reading since April 2015.

FocusEconomics panelists expect inflation to average 22.4% in 2022, which is down 0.5 percentage points from last month’s projection, and 13.7% in 2023.


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Angola Inflation June 2022 5

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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