Angola Inflation August 2020

Angola

Angola: Inflation hits over two-year high in August

September 21, 2020

Consumer prices rose 2.00% in August over the previous month, accelerating from July's 1.83% rise. August's figure was the sharpest increase in prices since April. The result was driven by notable price increases for alcoholic beverages and tobacco, and clothing and footwear.

Inflation increased to 22.8% in August, above July’s 22.2%. August's figure represented the highest inflation rate since February 2018.

FocusEconomics Consensus Forecast panelists expect inflation to average 22.2% in 2020, unchanged from last month’s projection, and 20.5% in 2021.


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Angola Inflation August 20 20

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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