Angola Inflation Rate Slows Even Further in November

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.

Since November of 2010, the annual inflation rate has been on a downward trend, due to exchange rate stability and improvements in the monetary policy. For 2014, the Government targets inflation between 7 and 9 percent.

From October to November, prices accelerated 0.52 percent, from 0.41 percent in the previous month. Prices of furnishing, housing equipment and routine maintenance of the house grew the most (1.12 percent), followed by cost of alcoholic beverages and tobacco (1 percent), clothing and footwear (0.74 percent) and miscellaneous goods and services (0.73 percent).

Prices of food and non-alcoholic beverages accelerated to 0.57 percent, transport cost rose 0.11 percent and housing prices slightly increased 0.06 percent. The index for education and communication remained unchanged in November. 

Angola Inflation Rate Slows Even Further in November

Joana Taborda |
12/20/2013 1:10:16 PM