Angola: Inflation in August soars to highest rate in over three years
September 14, 2015
In August, consumer prices rose 1.15% over the previous month, which was below the 1.35% increase recorded in the previous month. July’s reading had marked the highest value since December 2011.
Inflation soared from 10.4% in July to 11.0% in August, which was the highest level since March 2012. In addition, annual average inflation increased from 8.1% in July to 8.4% in August, thus reaching the highest reading in over a year.
Author: Dirina Mançellari, Senior Economist