Angola Inflation
Inflation comes in at highest level since January in July
Inflation came in at 12.1% in July, which was up from June’s 11.2%. July’s reading marked the highest inflation rate since January. The upturn was chiefly driven by a sharp depreciation of the kwanza, which has been one of the world’s worst-performing currencies this year, due to low oil prices and higher debt payments. Moreover, government’s decision to cut a fuel subsidy has led to a large increase in gasoline prices, which further boosted inflation.
Meanwhile, consumer prices increased 1.60% in July over the previous month, picking up from June’s 1.41% rise. July’s uptick marked the sharpest increase in prices since February 2022.
Angola Inflation Chart
This chart displays Inflation (CPI, ann. var. %, aop) for Angola from 2013 to 2022.
Angola Inflation Data
2018 | 2019 | 2020 | 2021 | 2022 | |
---|---|---|---|---|---|
Inflation (CPI, ann. var. %, aop) | 19.6 | 17.1 | 22.3 | 25.8 | 21.4 |
Inflation (CPI, ann. var. %, eop) | 18.6 | 16.9 | 25.1 | 27.0 | 13.9 |