Angola Inflation Rate Down to Record Low


Angola annual inflation rate eased slightly for the fourth straight month to 6.95 percent in May of 2014 from 7.22 percent in the previous month. It is the lowest rate on record.

On a monthly basis, consumer prices rose 0.62 percent in May of 2014, accelerating from a 0.51 percent increase in the previous month.

Cost of miscellaneous goods and services (1.72 percent in May from 1.04 percent in April), furnishings, household equipment and routine household maintenance (0.98 percent from 0.77 percent), restaurants and hotels (0.93 percent from 0.92 percent) and clothing and footwear (0.92 percent from 0.66 percent) recorded the highest increases. Prices of food and non-alcoholic beverages went up 0.53 percent in May from 0.47 percent in April and transport cost rose 0.7 percent (from 0.36 percent). In contrast, prices eased for alcoholic beverages and tobacco (0.76 percent in May from 0.82 percent in April), housing, water, electricity, gas and other fuels (0.13 percent from a 0.16 percent), and health (0.44 percent from 0.74 percent).

In May, the monthly inflation rate slowed in Benguela (0.19 percent from 0.24 percent in April), and Cabinda (0.09 percent from 0.15 percent). In contrast, higher prices were registered in Cunene (0.16 percent from 0.12 percent), Huambo (0.37 percent from 0.25 percent), Huíla (0.38 percent from 0.26 percent) and Namibe (0.44 percent from 0.23 percent).

Isabel Felino | isabel.felino@tradingeconomics.com
6/12/2014 3:27:53 PM