Macroeconomic Forecast Angola

According to the latest data from the National Statistics Institute, inflation hit 13.74% in June, up marginally from 13.85% in May. This translated into sequential price growth of 1.02% m-o-m, largely unchanged from April's reading of 1.06%. Although a stabilising currency is likely to have a positive impact on inflation since Angola imports most of its finished goods, there are still local impediments to the delivery of those goods that will keep prices high. Moreover, the true movement of prices is likely to be much more volatile than reported in official statistics.

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