Angola Inflation May 2019

Angola

Angola: Inflation remains stable in May

June 13, 2019

Consumer prices in the province of Luanda rose 1.1% in May from the previous month, unchanged from April’s reading. According to the Statistical Institute , 11 out of index’s 12 components posted month-on-month price increases, led by higher prices for leisure, recreation and culture; health; and furniture, household equipment and maintenance.

In a similar fashion, inflation in the province of Luanda also remained stable at the previous month’s 17.4% in May. In turn, annual average inflation fell from 18.5% in April to 18.3% in May, the lowest print in three years.

FocusEconomics Consensus Forecast panelists see inflation moderating gradually going forward and expect it to average 17.0% in 2019, down 0.6 percentage points from last month’s projection, and 13.8% in 2020.


Author:, Economist

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Angola Inflation May 2019 0

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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