Price Index Slows down 0.61% in August

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Price Index Slows down 0.61% in August
Price Index Slows down 0.61% in August

Africa-Press – Angola. The National Consumer Price Index (IPCN) registered a variation of 18.88% in August this year, representing a slowdown of 0.61% compared to July, according to the National Statistics Institute (INE).

Compared to the same period last year, the index represents a slowdown of 11.66 percentage points.

According to the INE, the health category recorded the highest increase, with a year-on-year variation of 23.69%, followed by transportation, with 21.07%, alcoholic beverages and tobacco (20.55%), and miscellaneous goods and services (20.54%).

In terms of contribution by expenditure category, food and non-alcoholic beverages contributed most to the increase in the overall price level in August, with 11.60%, while miscellaneous goods and services contributed 1.45%.

The transportation category contributed 1.09%, health 0.99%, and the remaining categories had rates below 0.99 percentage points.

During the same period, the provinces of Luanda (16.36%), Malanje (17.52%), and Huambo (17.69%) recorded the smallest price changes, while Cabinda, Namibe, and Cuanza-Norte had the highest rates, with 29.58%, 23.86%, and 23.81%, respectively.

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