Angola: Inflation jumps in July to almost-12-year high
August 15, 2016
In July, consumer prices rose 4.04% over the previous month, which came in above the 3.27% increase recorded in June. The print observed in July marks the highest increase in over 12 years. According to the National Statistical Institute (Instituto Nacional de Estatística), July’s reading reflected a broad-based increase in all 12 components of the index with the food and non-alcoholic beverages category tallying the sharpest rise.
Inflation soared from 31.8% in June to 35.3% in July, which marked the highest level since August 2004. Meanwhile, the trend continued to point upward: annual average inflation jumped from 18.7% in June to 20.8% in July, a level not seen since February 2006.