Angola Inflation July 2020

Angola

Angola: Inflation hits over two-year high in July

August 12, 2020

Consumer prices in the Luanda province increased 1.83% in July over the previous month, accelerating from the 1.70% increase recorded in June. This came on the back of notable price increases for food and non-alcoholic beverages; alcoholic beverages and tobacco; and hotels, cafes and restaurants.

Inflation increased to 22.2% in July, above June’s 21.8%. July's result was the highest inflation rate since March 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 July 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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