Africa-Press – Angola. The National Consumer Price Index (IPCN) decelerated to 0.93 percent in May, with the country recording monthly inflation below 1.0 percent for the first time in several years, and the sharp downward trend continues. this year, according to data from the National Statistics Institute (INE).
The IPCN report for May, consulted yesterday, indicates that inflation also fell in year-on-year terms (at 12 months), standing at 24.42 percent, a decrease of 0.52 percentage points in compared to that observed in the same period of the previous year (May 2021) and 1.37 less than the year-on-year change in April.
The IPCN also dropped in accumulated terms, slowing to 7.59 percent between January and May, when, in the same period last year, it was 9.84 percent.
In May, the report states, inflation was influenced by food prices, with the “Food and non-alcoholic beverages” class recording increases of 0.47 percentage points, followed by “Miscellaneous goods and services” ( 0.10), “Clothing and footwear” and “Furniture, household equipment and maintenance” (0.07 each) and “Health” (0.05).
The provinces that registered the greatest variation in prices were Cuanza-Sul with 1.37 percent, Zaire with 1.33, Cuanza-Norte with 1.31 and Cuando Cubango with 1.21, while those with the least variation in prices were Moxico with 0.72, Luanda with 0.78, Uíge with 0.80 and Lunda-Sul with 0.91.
In Luanda, the Consumer Price Index (CPI) registered a variation of 0.78 percent, decelerating by 0.19 percentage points throughout May and 1.43 percentage points year-on-year.
The “Clothing and footwear” class registered the biggest increase in prices. with 2.05 percent, also worthy of note were the price increases seen in the “Alcoholic beverages and tobacco” classes, with 2.03, “Goods and services miscellaneous” with 1.71 and “Health” with 1.41.
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