Ver Angola


Inflation falls for the tenth consecutive month for the lowest value since December 2019

The Angolan consumer price index recorded a homologous variation of 16.68 percent in October, maintaining the decreasing trend since January 2022 and reaching the lowest value since December 2019.


According to the rapid information sheet released Monday by the National Institute of Statistics (INE), this variation represents a decrease of 10.19 percentage points compared to that observed in the same month.

Comparing the current homologous variation with the one registered in the previous month, there is a slowdown of 1.48 percentage points, refers to the document.

In monthly terms, the National Consumer Price Index (IPCN) registered a variation of 0.78 percent between September and October 2022.

Comparing the monthly variations (September to October 2022), a slowdown of 0.01 percentage points is recorded, while in homologous terms (October 2021 to October 2022), there was a slowdown of 1.28 percentage points.

The "Health" class was the one that registered the highest increase in prices in monthly terms, with a variation of 1.74 percent. Also noteworthy are the increases in prices verified in the classes "clothing and footwear" with 1.72 percent, "various goods and services" with 1.26 percent and "alcoholic beverages and tobacco" with 1.09 percent.

In homologous terms, the "Food and Non-Alcoholic Beverages" class was the one that most contributed to the increase in the overall price level with 0.38 percentage points during October, followed by the classes: "Miscellaneous goods and services" with 0.08 percentage points, "clothing and footwear" and "health" with 0.06 percentage points each and "furniture, domestic equipment and maintenance" with 0.05 percentage points each.

During October 2022, the provinces that registered lower variation in prices compared to September were 0.59 percent, Huíla with 0.63 percent and Lunda Sul with 0.66 percent. The provinces with the highest price increase were: Zaire with 0.98 percent, Cuando Cubango with 0.97 percent and Cuanza Sul with 0.95 percent.

In early November, the governor of the National Bank of Angola (BNA), José de Lima Massano, admitted that the rate of inflation of the national economy could reach a digit before the end of this year, based on the evolution of the economic balance of country, driven by stabilization of the price of the oil barrel.


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