Ver Angola

Economy

Inflation rose 2.2 percent in November driven by the food sector

Prices in Angola registered an increase of 18.19 percent in November compared to the same period last year, rising 2.21 percent compared to October values, announced the National Statistics Institute of Angola.

: Friends of Angola
Friends of Angola  

"The year-on-year variation stands at 18.19 percent, registering an increase of 2.95 percentage points in relation to that observed in the same period of the previous year", reads the note released this Wednesday, which points out that " Comparing the current year-on-year variation with that recorded in the previous month, there is an acceleration of 1.61 percentage points".

According to the report, the food and non-alcoholic beverages category "was the one that contributed most to the increase in the general price level, with 1.53 percentage points during the month of November".

In relation to October, the National Consumer Price Index "recorded a variation of 2.21 percent", with a greater increase in Luanda, with a further 3.01 percent, in a month in which Moxico had the lowest variation in prices, with just 1.28 percent.

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