Ver Angola

Economy

Inflation rises for the tenth consecutive time and reaches the highest value in almost two years

Inflation rose again in Angola, for the tenth consecutive time, standing at 24.07 percent in year-on-year terms, the highest value in almost two years, and at 2.58 percent in monthly terms, between January and February.

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Since September 2018, when the monthly variation reached 2.69 percent, the fluctuation has not been so intense, especially in the province of Luanda, where prices increased by 3.45 percent compared to January.

The data appears in the Quick Information Sheet released by the National Statistics Institute, which reports a sharp increase in prices, essentially determined by the "Food and non-alcoholic beverages" class, with 3.12 percent.

Health (3.06 percent), "Miscellaneous goods and services" (2.89 percent), "Clothing and footwear" (2.71 percent) and "Hotels, cafes and restaurants" were the other expense categories with greater impact on rising prices.

The year-on-year variation of 24.07 percent represents an increase of 12.53 percentage points compared to February 2023, with the "Food and non-alcoholic beverages" class contributing the most to this increase.

In Luanda, where the year-on-year variation was 32.61 percent, the "Health" class registered a variation of 4.43 percent, while in the "Clothing and footwear" classes, "Food and non-alcoholic beverages" and "Goods and miscellaneous services" represented increases of 4.17 percent, 4.12 percent and 4.01 percent, respectively.

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