The last time year-on-year inflation was below 16 percent was in January 2016, when it settled at 15.20 percent.
The 15.24 percent represents a decrease of 11.74 percentage points in relation to the inflation observed in the same period of the previous year and a deceleration of 1.44 percentage points in relation to the homologous variation of the previous month.
In the province of Luanda, the decline was even more significant, reaching 14.6 percent year-on-year, the lowest record since December 2015 (14.3 percent) and a decrease of 15.82 percentage points compared to observed in the same period of the previous year.
In monthly terms, the National Consumer Price Index (IPCN) registered a variation of 0.82 percent between October and November 2022.
“Comparing the monthly variations (October to November 2022) there is an acceleration of 0.04 percentage points, whereas, in year-on-year terms (November 2021 to November 2022), there is a deceleration in the current variation of 1. 26 percentage points”, stresses INE.
Health-related items recorded the greatest increase in prices, with a monthly variation of 1.84 percent. Also worthy of note are the rises seen in the following classes: Clothing and Footwear with 1.75 percent, Miscellaneous Goods and Services with 1.31 percent and Leisure, Recreation and Culture with 1.15 percent.
Last week, the governor of the National Bank of Angola (BNA), José de Lima Massano, anticipated that Angola would end the year with an inflation rate below 16 percent, predicting greater price stability in the economy for 2023.
