Inflation in Angola
Angola - Inflation
Inflation ticks down in June
Consumer prices in the province of Luanda rose 1.1% in June from the previous month, unchanged from May’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; hotels, cafes and restaurants; and miscellaneous goods and services.
Inflation in the province of Luanda ticked down to 17.3% in June, from 17.4% in May. June’s result marked the lowest print since December 2015. Meanwhile, annual average inflation fell from 18.3% in May to an over three-year low 18.0% in June.
FocusEconomics Consensus Forecast panelists see inflation moderating gradually going forward and expect it to average 17.1% in 2019, up 0.1 percentage points from last month’s projection, and 13.4% in 2020.
Angola - Inflation Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Inflation Rate (CPI, annual variation in %) | 8.8 | 7.3 | 10.3 | 32.4 | 31.7 |
Angola Inflation Chart
Source: National Statistics Institute
Angola Facts
| Value | Change | Date | |
|---|---|---|---|
| Exchange Rate | 345.8 | 0.0 % | Jul 11 |
| Stock Market | 0.1 | 0.0 % | Jul 11 |
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Economic News
Angola: Economy contracts in Q1
July 18, 2019
Growth slipped back into negative territory at the outset of the year, according to national accounts data released by Angola’s Statistical Institute (INE) on 18 July.
Angola: Inflation ticks down in June
July 15, 2019
Consumer prices in the province of Luanda rose 1.1% in June from the previous month, unchanged from May’s reading.
Angola: Cabinda crude oil price slumps; Angolan production remains weak in June
July 12, 2019
The average price of Angola’s Cabinda crude fell from USD 72.4 per barrel (pb) in May to USD 65.5 pb in June.
Angola: Cabinda crude oil price growth halts; Angolan production remains at over 12-year low in May
June 14, 2019
The average price of Angola’s Cabinda crude oil ticked up from USD 72.2 per barrel (pb) in April to USD 72.4 pb in May.
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.
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