Angola Inflation October 2020

Angola

Angola: Inflation hits over two-year high in October

November 13, 2020

Consumer prices rose 1.99% over the previous month in October, picking up from the 1.91% rise logged in September. The result was driven by notable upticks in food and non-alcoholic beverages; alcoholic beverages; and transport prices.

Inflation came in at 24.1% in October, which was up from September’s 23.3%. October's result marked the highest inflation rate since January 2018.

FocusEconomics Consensus Forecast panelists expect inflation to average 20.4% in 2021 and 16.8% in 2022.


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Angola Inflation October 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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