Angola Inflation November 2022

Angola: Inflation hits over six–year low in November

Inflation came in at 15.2% in November, which was down from Octobers 16.7%. Novembers result marked the lowest inflation rate since January 2016. Elevated oil prices over the previous months have strengthened the kwanza relative to the previous year, which helped reduce imported inflation. Additionally, food and fuel subsidies kept a lid on domestic price pressures.

Meanwhile, the trend pointed down as annual average inflation cooled to 22.5% in November from 23.5% in October.

Lastly, consumer prices increased 0.82% over the previous month in November, accelerating from the 0.78% increase logged in October.

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