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).

Angolan Inflation Rate Down To 7.32% in March

Isabel Felino |
4/16/2014 4:53:26 PM