Angola posts the lowest annual rate of inflation since February 2016

17 August 2018

Year-on-year inflation in July in Angola was the lowest since February 2016 at a rate of 19.01%, with the monthly price variation at 1.25% being the second lowest of the year, the National Statistics Institute (INE) said in Luanda.

INE pointed out that the year-on-year rate of change fell by 8.28 percentage points compared to the same month of 2017 (27.29%) and by 14.71 percentage points compared to July 2016 (33.72%).

The statement on the evolution of the National Consumer Price Index (NCPI), which measures price variation throughout the country, shows that the highest increases in July were seen in the provinces of Malanje (3.11%), Bengo (1.89%), Cunene (1.75%) and Uige (1.58%), while the lowest occurred in Lunda Sul (0.76%), Kwando Kubango (0.81%), Namibe and Cabinda, both with 0.88%.

Year-on-year inflation was influenced by increases in the Apparel and Footwear expenditure category, with a rise of 2.11%, price increases in the Miscellaneous Goods and Services category (1.63%), Health (1.61%), and Leisure, Recreation and Culture (1.57%). (macauhub)