africa Angola Economy Finance

Bloomberg: Angola’s June Inflation Outpaced Rest of Region at 31.8% (Chart)

Angola has the highest official inflation rate of at least 12 southern African nations that released consumer-price data in the last two months.

angola_inflation

Consumer prices grew 31.8 percent last month from a year ago, the fastest rate since November 2004, two years after the end of an almost three-decade-long civil war.

The inflation rate more than tripled from a year earlier as a slump in crude oil prices cut government revenue and resulted in the kwanza weakening 26 percent against the dollar.

Source: Bloomberg

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