Inflation in Angola expected to total 10 pct this year, minister says

26 June 2012

Angola’s rate of inflation is expected to total 10 percent this year, the country’s minister for Planning, Ana Dias Lourenço said Friday in Luanda at the opening of the 5th Statistics Conference of the Community of Portuguese-speaking Countries (CPLP).

“The rate of inflation has been falling, from 15.31 percent in 2010 to 11.38 percent in 2011, which reflects the country’s economic performance,” said Lourenço at the conference, which brings together the presidents and directors-general of the National Statistics Institutes of the CPLP.

Lourenço noted that between 2006 and 2011 Angola’s Gross Domestic Product grew by an annual rate of 11 percent.

Cited by Angolan news agency Angop, the minister said that the government was focused on creating conditions for the economy to operate more efficiently, which was required for social wellbeing based on economic and institutional reforms.

Ana Dias Lourenço also said that Angola was at a stage of reconstruction and particularly of re-establishing infrastructure across the whole of the country, of stabilization of macroeconomic variables and economic growth.

On Saturday, the director of the Angolan National Statistics Institute (INE), Camilo Ceita, in Luanda signed a memorandum of understanding with the directors of the statistics institutes of Portugal and Mozambique, with a view to setting up technical operation between the countries.

According to Ceita, the memorandum will make it easier to schedule visit by teams of technical staff to Mozambique from Portugal and vice versa to work on drawing up and producing foreign trade and national accounts statistics. (macauhub)