Inflation in Angola
Angola - Inflation
Inflation comes in at highest level since June 2017 in September
Luanda-province consumer prices rose 2.34% in September over the previous month, largely in line with the 2.30% rise logged in August. September's figure was the highest reading since March and came on the back of notable price increases for food and non-alcoholic drinks, and alcoholic drinks and tobacco.
Luanda-province inflation increased to 30.2% in September, following August’s 29.7%. September's reading was the highest inflation rate since June 2017.
Analysts at the EIU added:
“With supply-side price pressures continuing, inflation will stay high, averaging 24.9% in 2021. We expect annual inflation to slow over the remainder of the forecast period as supply-side pressures ease. However, the eventual reduction in several subsidies, such as those for electricity and fuel, combined with currency depreciation, will keep prices fairly high.”
FocusEconomics Consensus Forecast panelists expect inflation to average 23.1% in 2021 and 16.3% in 2022.
Angola - Inflation Data
|Inflation Rate (CPI, annual variation in %)||10.3||32.4||31.7||20.3||17.3|
5 years of economic forecasts for more than 30 economic indicators.
Angola Inflation Chart
Source: National Statistics Institute
|Exchange Rate||479.0||0.0 %||Jan 01|
|Stock Market||0.1||0.0 %||Jan 07|
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October 13, 2021
Cabinda oil prices came in at USD 74.5 per barrel (pb) on average in September, up from USD 70.9 pb in August.
October 12, 2021
Luanda-province consumer prices rose 2.34% in September over the previous month, largely in line with the 2.30% rise logged in August.
October 11, 2021
Economic sentiment continued its upward trend in the second quarter; however, confidence remained encapsulated by pessimism as the sentiment index rose to minus 6 from minus 9 in the first quarter.
October 11, 2021
The economy returned to growth in the second quarter for the first time since Q2 2019, with GDP expanding 1.2% year-on-year and swinging from the first quarter’s 3.4% contraction.
September 30, 2021
At its 30 September meeting, the Monetary Policy Committee of the National Bank of Angola decided to leave all its monetary policy instruments untouched.