BNA and major food chain operators meet to analyze price stability

At the opening of the meeting, the Governor of the central bank highlighted the importance of maintaining a fluid dialogue between the BNA and economic operators, in order to allow timely sharing of information capable of influencing the alignment of expectations, with a positive impact on the environment. business and economic stability.

Then, deputy governor Tiago Dias made a brief incursion into the economy, highlighting the stabilization of the foreign exchange market - marked by the appreciation of the kwanza against the currencies of Angola's main trading partners - and the improvement of the country's external position through a greater accumulation of international reserves. Information was also shared on the evolution of prices in the economy and, in particular, of foodstuffs that continue to negatively impact inflation in the country.

The food sector operators mentioned several factors that have contributed to the behavior of prices, with greater emphasis on the duration of the logistics and distribution chain, the worsening of prices at origin (imported inflation) and the sharp profit margins in the retail segment of food goods.

According to the operators, despite the measures adopted by the national authorities, which resulted in exchange rate stability and relief from customs duties, their effects will be felt gradually, with the drop in prices and some products already being visible.

In a final note, José de Lima Massano stressed that the macroeconomic balances achieved in the domestic market mitigated some of the adverse external effects that occurred in 2021, and it is expected that throughout the current financial year these developments will better reflect on price stability in the economy, by that we count on the elevation and sense of commitment of all those involved in the food chain.