Analysts, however, indicate that they expect "inflation to slow to an average of 20 percent this year, compared with 28.2 percent in 2024", as they write in a commentary on inflation trends in January.
In the document, sent to investors and to which Lusa had access, the African department of this British consultancy considers that although inflation will decrease this year, the slowdown will be slight.
"Our view is that inflation will continue to decline in 2025, thanks to favourable base effects and the silent pressure from global commodity prices", they state, pointing out that the devaluation of the kwanza has slowed the rate of price slowdown.
According to these analysts' forecasts, "the average exchange rate of the kwanza will weaken to 927.6 kwanzas per dollar in 2025, from 869.9 kwanzas last year".
Inflation in the country in January increased by 1.67 percent compared to December, but fell when compared to January 2024 to 26.5 percent, the National Statistics Institute announced on Friday.
"The National Consumer Price Index recorded a variation of 1.67 percent from December 2024 to January 2025", reads the INE statement.
Comparing the prices of January this year with the prices of the first month of last year, the INE says that "the year-on-year variation stood at 26.48 percent, registering an increase of 4.49 percentage points in relation to that observed" in January 2024.
The reduction in year-on-year inflation in January marks the sixth consecutive fall, after 16 months in which prices were always rising, and represents the lowest rate since March 2024, according to INE data.
