In a welcome development for Angola's economy, the consumer price index (CPI) for the month of October has shown a slowing in the rate of inflation. The latest data, updated on November 13, 2024, indicates that the CPI has decreased to 1.55%, down from September's rate of 1.63%. This marks a noticeable month-over-month decline, signaling a potential stabilization in the country's inflation trajectory.
The change suggests that inflationary pressures experienced earlier in the year might be easing, offering a reprieve to consumers and businesses facing price hikes. Comparing the previous monthly data, September's CPI change was also calculated against the month before it, underscoring the trend of gradual deceleration.
Businesses, investors, and policymakers in Angola will likely be examining these figures closely, as a sustained decrease could positively impact economic planning and consumer confidence heading into the year's end. While the decline is modest, it is a positive signal for the Angolan market, pointing towards a potentially more stable economic environment.