Ver Angola

Economy

Inflation slows in October to 29.17 percent

Inflation in Angola slowed down again in October, remaining at 29.17 percent, 0.76 percentage points less than 29.93 percent in September, but still 12.59 percentage points above the value observed in the same month. 2023.

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It is the third consecutive month in which the downward trend continues, according to the Quick Information Sheet of the National Statistics Institute, relating to the Consumer Price Index (IPCN) consulted by Lusa.

“food and non-alcoholic beverages” were the classes that most contributed to the increase in the general price level with 1.01 percentage points (p.p.) during the month of October, followed by “miscellaneous goods and services”, “health” and ”clothing and footwear”

In October, the monthly inflation rate was 1.55 percent, which represents a slowdown of 0.08 percentage points compared to the previous month, according to the Quick Information Sheet.

The “Health” and “Hotels, cafes and restaurants” classes recorded the biggest price increases in monthly terms, with a variation of 2.06 percent.

Also noteworthy are the price increases seen in the following classes: “Clothing and footwear” with 1.84 percent and “Alcoholic beverages and tobacco” with 1.81 percent.

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