Macroeconomic Forecast Angola

In spite of a rise in the food component of the price basket, overall inflation fell to 13.83% y-o-y in January (from 13.99% the previous month). Easing price pressures were also reflected in the sequential rate of inflation, which fell from 2.1 % m-o-m in December 2009 to just 0.8% in January. Our average inflation target for 2010 is 12.0%, which is slightly below the government projection of 13.0%.

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