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Angola Inflation Hits 7-Year High, Tops 28% in April
Inflation in Angola rose again in April, for the 12th consecutive month, registering a year-on-year change of 28.02%, a maximum of almost seven years, according to the National Institute of Statistics (INE).
© Lusa
Economia Angola
The Rapid Information Sheet (RIS) of the National Consumer Price Index (IPCN) indicates that this variation represents an increase of 17.61 percentage points compared to the same period last year.
In March, inflation had reached 26.09% in year-on-year terms.
It is necessary to go back to June 2017, when inflation stood at 30.51%, to find a higher value, according to the statistics of the Trading Economics website consulted by Lusa.
In monthly terms, the IPCN registered a variation of 2.61% between March and April 2024 (2.54% in March), the highest increase since September 2018, with the provinces of Luanda, Huíla and Cabinda registering the highest variation (3.26%, 2.48% and 2.34%, respectively)
The "Health" class registered the highest price increase, with a variation of 3.25%, also highlighting the increases in the classes "Food and non-alcoholic beverages" (3.13%), "Clothing and footwear" (2.84%) and "Hotels, cafes and restaurants" (2.59%).
In Luanda, the country's capital, prices rose by 38.87%, an increase of 28.77 percentage points compared to the same period last year.
Read Also: Angola notifies positive case of polio and announces vaccination campaign (Portuguese version)
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