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Inflation in Angola’s Luanda Province climbs to 35.3 pct in July
Release time:2016-08-16
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The consumer price index in Angola’s Luanda Province climbed 35.3 percent judged year-on-year in July, the National Statistics Institute announced last week.

It was an increase of 3.5-percentage points from June’s year-on-year inflation rate of 31.8 percent in Luanda Province, official data showed.

Costs related to health, and food and non-alcoholic beverages led the hike in July, with month-on-month increases of 6.86 percent and 5.94 percent respectively, according to the statistics bureau.

Angola’s central bank raised on June 30 its benchmark interest rate to a record 16 percent, the third increase this year, in bid to curb the soaring inflation, financial news agency Bloomberg has reported.