Angola Inflation March 2016

Angola

Angola: Inflation hits over-10-year high in March

April 14, 2016

In March, consumer prices rose 3.42% over the previous month, which followed the 3.27% increase recorded in February. According to the National Statistical Institute (Instituto Nacional de Estatística), March’s reading reflected a broad-based increase in the 12 components of the index where the food and non-alcoholic beverages component tallied the biggest increase.

Inflation edged up from 20.3% in February to 23.6% in March, which marked the highest level in over 10 years. Meanwhile, the trend continued to point upward: annual average inflation jumped from 12.2% in February to 13.5% in March, a level not seen since November 2011.

FocusEconomics Consensus Forecast panel participants expect inflation of 19.4% in 2016, which is up 4.8 percentage points from last month’s projection. For 2017, the panel foresees inflation of 13.4%.


Author: Jean-Philippe Pourcelot, Economist

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Angola Inflation March 2016

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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