Angola Inflation June 2020

Angola

Angola: Inflation hits over two-year high in June

July 13, 2020

Consumer prices in the province of Luanda rose 1.70% month-on-month in June, down from the 1.91% increase recorded in May.

Inflation rose to 21.8% in June, which was up from May’s 21.1% print. June's result represented the highest inflation rate since March 2018. Lastly, annual average inflation edged up to 18.4% in June from 18.0% in May.

FocusEconomics panelists expect inflation to average 22.8% in 2020 and 20.0% in 2021


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Angola Inflation June 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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