National Bank of Angola (BNA) foresees permanent downward trend in inflation below 18 percent, going until the end of 2022.
BNA Executive Director, Pedro Castro e Silva, said on Friday that it was the first time, in recent years, the country reaches an inflation below 20%.
Speaking to the press, on the sidelines of the consultation of the main food import and distribution operators, the manager attributed the reduction to the several factors.
Among them, he mentioned the greater supply of foodstuffs and the stability of the exchange rate.
He said in terms of food imports, from January to August 2022, the country spent USD 2 billion, which led to an increase of almost 50% if compared to the same period in 2021, which was around 1.7 billion.
“This is important data. Because greater imports of foodstuffs increase supply and help us to maintain prices”, he stressed.
The 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 recorded in the same period last year.