Angola Inflation December 2019

Angola

Angola: Inflation jumps in December amid currency pressures

January 17, 2020

Consumer prices in the province of Luanda rose 1.9% from the previous month in December, accelerating from November’s 1.5% result, and marking the strongest increase since September 2018.

Meanwhile, inflation in the province of Luanda jumped to a four-month high of 17.1% in December, from 16.6% in November. This was seemingly due to significant upside pressures stemming from a weaker kwanza after the Central Bank floated the currency in October. That said, annual average inflation inched down to a near four-year low of 17.3% from 17.4% in November.

FocusEconomics panelists expect inflation to average 17.8% in 2020, up 2.1 percentage points from last month’s projection, and 15.5% in 2021.


Author:, Economist

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Angola Inflation Chart


Angola Inflation December 2019

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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