Angola Inflation Rate Slows in April


Angola’s annual inflation rate eased for the third straight month to 7.22 percent in April of 2014 from 7.32 in the previous month and 9.11 percent one year earlier.

On a monthly basis, consumer prices in Luanda increased 0.51 percent in April of 2014, the same rate recorded in March.

Upward pressures came from cost of miscellaneous goods and services (1.04 percent), hotels, cafes and restaurants (0.92 percent), alcoholic beverages and tobacco (0.82 percent), furniture, household equipment and maintenance (0.77 percent). Cost of food and non-alcoholic beverages accelerated slightly (0.47 percent in April from 0.44 percent in March) and transport prices edged up 0.36 percent from 0.21 percent in March. In contrast, prices slowed for clothing and footwear (0.66 percent from 0.78 percent), housing, water, electricity, gas and other fuel (0.16 percent from 0.26 percent), health (0.74 percent from 0.85 percent) and recreation and culture (0.58 percent from 0.79 percent).

Among provinces, prices decelerated in Cabinda (0.15 percent in April from 0.19 percent in March) and Huambo (0.25 percent from 0.43 percent) and accelerated in Benguela (0.24 percent from 0.07 percent) and Huíla (0.26 percent from 0.08 percent).

Isabel Felino | isabel.felino@tradingeconomics.com
5/19/2014 12:07:16 PM