Inflation in Angola
Angola - Inflation
Inflation edges up in July
Consumer prices in the province of Luanda rose 1.5% in July from the previous month, accelerating from June’s 1.1% increase and marking the highest print so far this year. According to the Statistical Institute, 10 out of index’s 12 sub-components posted month-on-month price increases, led by higher prices for utilities; hotels, cafes and restaurants; and clothing and footwear.
Inflation in the province of Luanda edged up for the first time in seven months in July coming in at 17.6%, accelerating from an over three-year low of 17.3% in June. Nevertheless, annual average inflation continued trending downwards in July, ticking down to an over three-year low of 17.9%, from 18.0% in June.
FocusEconomics Consensus Forecast panelists see inflation moderating gradually going forward and expect it to average 17.0% in 2019, down 0.1 percentage points from last month’s projection, and 13.3% in 2020.
Angola - Inflation Data
|Inflation Rate (CPI, annual variation in %)||8.8||7.3||10.3||32.4||31.7|
5 years of economic forecasts for more than 30 economic indicators.
Angola Inflation Chart
Source: National Statistics Institute
|Exchange Rate||362.7||0.0 %||Sep 04|
|Stock Market||0.1||0.0 %||Sep 04|
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Angola: Cabinda crude oil price inched down in July; Angolan production slumps to an over 12-year low
August 16, 2019
The average price of Angola’s Cabinda crude fell from USD 65.5 per barrel (pb) in June to USD 64.9 pb in July.
August 13, 2019
Consumer prices in the province of Luanda rose 1.5% in July from the previous month, accelerating from June’s 1.1% increase and marking the highest print so far this year.
July 26, 2019
At its 26 July meeting, the Monetary Policy Committee (MPC) of the National Bank of Angola (BNA) decided to keep the key policy rate at an over three-year low of 15.50%.
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.
July 15, 2019
Consumer prices in the province of Luanda rose 1.1% in June from the previous month, unchanged from May’s reading.