Angola Inflation Rate Up to 9.25% in May


In Angola, the annual inflation rate rose to 9.25 percent in May, from 9 percent in April, remaining into the single digit rate for the tenth consecutive month.

After reaching 15.1 percent in January of 2011, the annual inflation rate has been steady declining. Although in May of 2013, it increased slightly, it was still down by 1.26 percentage point from 10.51 percent registered in May of 2012.

From May to April, prices increased 0.87 percent. Cost of recreation and culture recorded the highest increase (1.39 percent), followed by housing, water, electricity and other fuel (+ 1.29 percent). The index for restaurants and hotels grew 1.06 percent over the previous month. The heavily weighted food and non-alcoholic beverages index went up by 0.93 percent, following a rise of 0.70 percent in April. Prices of Communications and Education remained unchanged.

Angola Inflation Rate Up to 9.25% in May


Joana Taborda | joana.taborda@tradingeconomics.com
6/20/2013 12:19:44 PM