Luanda: The National Consumer Price Index (IPCN) in June recorded a year-on-year change of 19.73 percent, marking a reduction of 11.27 percent compared to the same period in 2024, the National Statistics Institute (INE) has said. This marks the first occasion since November 2023 that the IPCN, a key indicator of inflation in the country, has fallen below 20%.
According to Angola Press News Agency, comparing the current year-on-year variation with that recorded in May, there was a slowdown of 1.01 percentage points. The report highlights that the provinces with the lowest price variation were Cunene, with 0.73%, followed by Luanda at 1.05%, and Huambo at 1.04%. Meanwhile, Cuando and Cubango, as well as Zaire and Bengo, recorded a 1.08% variation each.
Conversely, provinces experiencing the highest price variations included Benguela and Cabinda with 1.78% each, Uge at 1.48%, and Cuanza-Norte at 1.45%. The INE report identifies housing, water, electricity, and fuel as the categories witnessing the highest price increase, with a variation of 3.33%. This was followed by miscellaneous goods and services at 1.56%, furniture, household equipment, and maintenance at 1.37%, and health at 1.26%.
The Consumer Price Index serves as a crucial indicator for measuring inflation, reflecting the variation in prices of goods and services consumed by households. This indicator is derived from a basket of goods and services representing household consumption, with its percentage variation indicating the inflation rate.
