Ver Angola


Inflation is expected to maintain a downward trajectory and will end 2022 below 18 percent, predicts BNA

Forecasts by the National Bank of Angola (BNA) indicate that the downward trend will continue and that this year will end with inflation below 18 percent.


The information was released this Friday by Pedro Castro e Silva, executive director of the BNA.

It is recalled that this week it was known that inflation was below 20 percent for the first time since April 2020. This data was highlighted by the administrator, who pointed out the greater supply of food products and the balance of the exchange rate as some of the reasons for this decrease.

Cited by Angop, the official said that in the first eight months of 2022, two billion dollars were spent on imports of food products.

This figure translates into an increase of around 50 percent over the same period last year, when 1.7 billion dollars was spent, writes Angop.

Thus, Pedro Castro e Silva admitted that it was an "important fact", since with more imports, the supply of goods grows: "It is an important fact, because a greater import of foodstuffs increases the supply and contributes to achieving the maintenance of prices", he explained, quoted by Angop.

The information was provided on the sidelines of a meeting with food importers.

Regarding the hearing, he said that the bank disclosed specific information about food prices to importers, having listened to the ideas of those present.

Cited by Angop, he also said that, among other topics, issues related to inflation in Europe and the United States of America were also discussed, since the country, as it imports food products, experiences "the impact of world inflation" on "domestic inflation" from the country.


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