ANGOLA
Angola sees Lower Consumer and Food Inflation Rates in February 2023
Consumer Inflation and Food Inflation for Angola from March 2022 – February 2023 (Y/Y %)
The figure above shows that Angolan inflation fell for the 13th month in February 2023, from 12.6% to 11.5% Y/Y, as food inflation slowed for the 14th consecutive month from 9.6% to 8.5%. The inflation rate is at its lowest level since August 2015 and has been greatly assisted by the currency’s (the kwanza’s) relative stability since November 2022. Looking ahead, as long as the kwanza remains relatively stable, food prices should continue to fall and inflation should slow further, below 10%.
Data Source: National Institute of Statistics, Angola
Wholesale Inflation Slows Once Again in February 2023
Wholesale (producer) inflation in Angola slowed in the figure below from 17.5% to 16.3% Y/Y in February 2023. It was the 13th consecutive month of lower wholesale inflation and the slowest rate since August 2018. The stronger exchange rate has helped slow wholesale inflation, and it should keep falling in the months ahead pending unexpected global economic events.
Wholesale Inflation for Angola from March 2022 – February 2023 (Y/Y %)
Data Source: National Institute of Statistics, Angola
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