Angola Inflation Rate

The inflation rate in Angola was recorded at 7.32 percent in March of 2014. Inflation Rate in Angola is reported by the Instituto Nacional de Estatística, Angola. Inflation Rate in Angola averaged 41.37 Percent from 2001 until 2014, reaching an all time high of 241.08 Percent in January of 2001 and a record low of 7.32 Percent in March of 2014. In Angola, the Luanda Consumer Price Index (CPI) measures the change over time in the cost of a fixed basket of 240 goods and services. The most important components in the CPI are Food and Non Alcoholic Beverages (55.1 percent of total weight); Housing, Water, Electricity, Gas and Other Fuel (11.1 percent) and Clothing and Footwear (7 percent). Miscellaneous Goods and Services account for 6.9 percent of total index, Housing Equipment and Routine Maintenance of the House for 6.3 percent, Transport for 3.9 percent and Restaurants and Hotels for 3.2 percent. Health represents 2.5 percent of total weight, Alcoholic Beverages and Tobacco 2.3 percent, Recreation 1.6 percent and Education 0.01 percent. This page provides - Angola Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-19

Actual Previous Highest Lowest Forecast Dates Unit Frequency
7.32 7.48 241.08 7.32 6.20 | 2014/06 2001 - 2014 Percent Monthly
2010 = 100

TO

Angola Inflation Rate
LIST BY COUNTRY


CALENDAR GMT Country Event Reference Actual Previous Consensus Forecast
2014-01-13 04:00 PM Angola
Inflation Rate YoY
Dec 2013 7.69% 7.94% (R) 8.15%
2014-02-14 11:30 AM Angola
Inflation Rate YoY
Jan 2014 7.84% 7.69% 7.37%
2014-03-12 05:30 PM Angola
Inflation Rate YoY
Feb 2014 7.48% 7.84% 7.48%
2014-04-16 03:00 PM Angola
Inflation Rate YoY
Mar 2014 7.32% 7.48% 7.29%
2014-05-12 03:00 PM Angola
Inflation Rate YoY
Apr 2014 7.32% 7%
2014-06-12 03:00 PM Angola
Inflation Rate YoY
May 2014 6.44%
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Prices Last Previous Highest Lowest Forecast Unit
Consumer Price Index (cpi) 265.00 2014-02-15 263.70 265.00 0.00 270.78 2014-06-30 Index Points [+]
Inflation Rate Mom 0.51 2014-03-15 0.49 1.73 0.41 0.51 2014-06-30 Percent [+]
Inflation Rate 7.32 2014-03-31 7.48 241.08 7.32 6.20 2014-06-30 Percent [+]
[+]


Angolan Inflation Rate Down To 7.32% in March

The annual consumer prices in Angola decelerated for the second consecutive month to 7.32 percent in March of 2014, from 7.48 percent recorded in February of 2014.

On a month-on-month basis, the Luanda CPI increased 0.51 percent, compared to a 0.49 percent rise in the previous month but decelerated from 0.66 percent in the same month last year. 

Furnishings and household equipment cost increased the most by 1.20 percent in March from February of 2014. Also, higher prices were recorded for health (0.85 percent), recreation services and culture (0.79 percent), clothing and footwear (0.78 percent), alcoholic beverage and tobacco (0.65 percent) and food (0.44 percent). Prices for communication and education were unchanged.

For the first time, the statistical office reported monthly inflation data for six new regions in Angola: Benguela, Cabinda, Cunene, Huíla, Huambo and Namibe. The highest monthly inflation rate was recorded for Huambo at 0.43 percent, while the lowest rate was registered in Benguela (0.07 percent).

Isabel Felino | isabel.felino@tradingeconomics.com
4/16/2014 4:53:26 PM

RECENT RELEASES

Angola Inflation Rate Decelerates
In February of 2014, Angolan annual inflation rate slowed to 7.48 percent, after accelerating in January for the first time in eight months. Published on 2014-03-12

Angola Inflation Rate Accelerates in January
In the first month of 2014, Angola’s annual inflation accelerated for the first time in eight months to 7.84 percent. Published on 2014-02-18


Inflation Rate | Notes
The data given on this page shows an annual change in the Consumer Price Index. The CPI measures changes in the price level of consumer goods and services purchased by households. The CPI is calculated by taking price changes for each item in the predetermined basket of goods and services and averaging them. The items weight according to their importance. Depending on the country, the highest weights are usually given to the food, energy, housing, clothing, medical care, transportation and household equipment.


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Angolan Inflation Rate Down To 7.32% in March  
The annual consumer prices in Angola decelerated for the second consecutive month to 7.32 percent in March of 2014, from 7.48 percent recorded in February of 2014.
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In the first month of 2014, Angola’s annual inflation accelerated for the first time in eight months to 7.84 percent.
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In December of 2013, Angola inflation rate kept its downward trend and slowed even further to 7.69 percent. On a monthly basis, prices accelerated for the third straight month mainly due to higher food and housing cost.
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In November of 2013, Angola annual inflation rate eased to 7.94 percent, from 8.38 percent in October. A year ago, the inflation rate slightly accelerated to 9.83 percent.
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The National Bank of Angola decided on November 25th to cut the benchmark interest rate for the second time this year by 50 bps to 9.25 percent, citing falling inflation. The Board kept its recommendation to take the LUIBOR as the benchmark interest rate on bank loans.
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The annual consumer prices in Angola decelerated for the second consecutive month to 7.32 percent in March of 2014, from 7.48 percent recorded in February of 2014.
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