In a notable shift, the Consumer Price Index (CPI) for Angola in August 2024 has recorded a slight decrease, according to the latest data updated on September 13, 2024. The current indicator for August stands at 30.53%, a subtle yet significant drop from July’s 31.09%.This year-over-year comparison highlights a deceleration in the inflation rate, with August’s CPI reflecting the change relative to the same month in the previous year. The previous indicator similarly drew a comparison to July of the preceding year, emphasizing a more recent trend towards inflation stabilization.The dip in the CPI can be linked to various economic factors influencing the Angolan market, allowing a modest reprieve for consumers amid ongoing financial pressures. Analysts will closely monitor subsequent months to determine if this trend signals a sustained easing of inflation or if it represents a temporary fluctuation.The material has been provided by InstaForex Company – www.instaforex.com
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