Angola: Inflation ticks down in February
March 14, 2019
According to the Statistical Institute (Instituto Nacional de Estadística), consumer prices in the province of Luanda rose 1.0% in February from the previous month, down slightly from January 1.1% increase and the lowest reading in over a year. All 12 components of the index posted month-on-month increases, identical to the previous month.
Inflation in the province of Luanda ticked down from 17.9% in January to 17.8% in February. In turn, annual average inflation moderated from 19.7% in January to 19.3% in February, marking the lowest print in nearly three years.
Angola Inflation Forecast
FocusEconomics Consensus Forecast panelists see inflation moderating gradually going forward and expect it to average 17.0% in 2019, up 0.6 percentage points from last month’s projection, and 14.0% in 2020.
Author: Almanas Stanapedis, Research Team Manager