Angola Inflation Rate Slightly Down
The annual inflation rate in Angola edged down to 6.89 percent in June of 2014, from 6.95 percent recorded in May, and compared with 9.19 percent a year ago. It is the lowest inflation rate on record.
On a monthly basis, consumer prices decelerated to 0.57 percent in June of 2014 from 0.62 percent registered in May. Lower prices were registered for food and non-alcoholic beverages (0.4 percent in June from 0.53 percent registered in May), health (0.33 percent from 0.44 percent), transport (0.66 percent from 0.7 percent), recreation and culture (0.39 percent from 0.69 percent), hotels, cafes and restaurants (0.79 percent from 0.93 percent). Education and communication cost remained unchanged in June.
The highest inflationary pressure came from clothing and footwear (+1.35 percent mom), followed by furnishings, household equipment and routine maintenance of the house (+1.27 percent), alcoholic drinks and tobacco (+1.12 percent), other goods and services (+0.96 percent).
Among regions, the highest monthly inflation rate was recorded in Namibe (0.49 percent) in June of 2014, and the lowest in Cabinda (0.13 percent).
7/23/2014 7:05:15 PM