Macroeconomic Forecast Angola

According to the latest data from the National Statistics Institute, inflation hit 13.85% in May, up marginally from 13.73% in April. This translated into sequential inflation of 1.06% m-o-m, largely unchanged from April's reading of 1.03%. As in previous months, rising food prices were identified as the primary driver of rising prices. The latest reading squares well with our average and year-end forecast of 13.0% and 12.0% respectively. We caution that these are forecasts for the officially reported rate; the actual movement in prices may in fact be much different.

To read the full article, please choose one of the following options: