Africa-Press – Angola. Inflation in the Angolan economy continues to show a downward trend, having dropped by 6.31 percentage points in August, standing at 19.78 percent, against 26.09 percent in the same period last year.
Data released Tuesday by the National Statistics Institute (INE) attest that the National Consumer Price Index (IPCN), the main inflation benchmark, recorded a variation of 0.76 percent from July to August. The cumulative rate is 10.21 percent.
The monthly deceleration observed, between July and August, is 0.05 percentage points, while in year-on-year terms the deceleration is 1.37 percentage points.
According to the INE’s Rapid Information Sheet for the month of August, the inflation rate is close to the 18 percent target set by the authorities, approaching 17.50 percent in 2019 and well below the 23.41 percent in 2019. 2020
In eight months, it is also the first time that it is below 20 percent, meaning an increasingly smaller loss of purchasing power on the part of families. The report by the National Statistics Institute (INE) attests that the downward trend in inflation of 27.66 percent in January this year, the highest this year, and the 21.40 percent in July may even have closed this cycle. inflation above 20 percent. In more optimistic scenarios, there are those who risk advancing, until December of this year, an inflation close to, equal to or even below the 16.90 percent observed in December 2019.
Regarding the rate by expense category, “Food and Alcoholic Beverages”, with 45.87 percent and 0.35 percentage points in the aggregate, was the one that contributed the most, followed by “General Goods and Services”, with 10, 79 percent, worth 0.08 percentage points. The “Clothing and Footwear” class, with 7.95 percent, worth 0.06 percentage points, ranks third among those that most participate in price changes.
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