Angola Inflation December 2017

Angola

Angola: Inflation moderates in December

January 15, 2018

Consumer prices in the province of Luanda rose 1.13% in December from the previous month, coming in slightly above November’s 1.02% month-on-month increase. According to the National Statistical Institute (Instituto Nacional de Estatística), November’s print was driven by higher prices in 11 of the 12 components of the index. Clothing and footwear and the water, electricity and fuel components where the two subcategories that increased the most.

Inflation moderated from 27.6% in November to 26.3% in December. Consequently, annual average inflation declined from 33.5% in November to 31.7% in December.

FocusEconomics Consensus Forecast panel participants expect inflation of 21.1% in 2018, which is up 2.5 percentage points from last month’s projection. For 2019, the panel foresees inflation of 14.7%.


Author: Jean-Philippe Pourcelot, Economist

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Angola Inflation December 2017

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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