London, July 13, 2026 (Lusa) - Oxford Economics stated on Monday that the slowdown in year-on-year inflation to 10.1% in June shows that Angola “has remained shielded from the inflationary impact” of the war in the Middle East.
The slowdown in price rises in June “confirms that Angola remained, to a large extent, shielded from the inflationary impact of the war between the US and Israel against Iran in the first half of 2026”, analysts wrote in a commentary on price trends in Angola, where prices fell in June for the 23rd consecutive month.
The difficulties in ensuring the free flow of traffic through the Strait of Hormuz and the advances and setbacks in the peace process “will keep Brent crude oil prices high in 2026, preserving the country’s room for manoeuvre in the face of inflationary pressures materialising in other parts of the world”, the analysts added in a note sent to investors even before Iran announced a further suspension of shipping through the Strait of Hormuz at the weekend.
Inflation in Angola stood at 10.11% in June, compared with 19.73% in the same period last year, continuing its downward trend for the 23rd consecutive month, according to data released by the National Statistics Institute (INE) last week.
The National Consumer Price Index (IPCN) showed a slowdown of 0.76 percentage points compared with the previous month and of 9.62 percentage points compared with the same period last year.
The “Transport” category recorded the highest price increase, with a year-on-year change of 15.40%, followed by “Education”, at 13.40%, “Housing, water, electricity and fuels”, at 11.14%, and “Food and non-alcoholic beverages”, at 10.73%.
Although it was not the category with the highest rise, “Food and non-alcoholic beverages” contributed most to the overall price level, with 6.53 percentage points, equivalent to 64.58% of the inflation recorded for the month.
This was followed by “Transport”, at 0.73 percentage points, “Miscellaneous goods and services”, at 0.54 percentage points, and “Health”, at 0.46 percentage points, with the remaining categories making smaller contributions.
At provincial level, Cabinda recorded the highest price change, at 15.22%, followed by Malanje, at 12.93%, and Moxico, at 11.66%.
Conversely, the provinces with the lowest price changes were Huambo, at 7.53%, Lunda Norte, at 7.65%, and Cunene, at 7.75%.
MBA/AYLS // AYLS
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