Angola Inflation Rate Down to 9% in April


In Angola, the inflation rate slightly declined in April to 9.0%, remaining into the single digit rate for the ninth month in a row.

On the year-on-year basis, the inflation rate eased to 9.0 percent from 9.11 percent recorded in March. Since November of 2010, the inflation rate has been on a downward trend, due to exchange rate stability and improvements in the monetary policy.
 
On the month-over-month basis, the inflation rate slowed in April to 0.60 percent, from 0.66 percent in the previous month. Prices for transports recorded the highest increase (0.97 percent, from 0.70 in the previous month). Health costs increased by 0.93 percent, from 0.53 percent in March. Prices for furnishings, household equipment and routine maintenance grew by 0.69 percent, from 0.48 percent in the previous month.
 
Costs for food and non-alcoholic beverages increased by 0.70 percent, from 0.84 percent in March.
 
Indexes for Communications, Education and Recreation and Culture remained unchanged in April. 

Joana Taborda | joana.taborda@tradingeconomics.com
5/15/2013 3:06:46 PM