Angola’s July inflation at 13.7 percent
Angola’s annual
inflation edged lower to 13.70 percent year-on-year in July from 13.74
percent the previous month, the National Statistics Insitute said on
Monday.
Analysts said that
a stable kwanza and slow economic growth in 2010 has helped ease
inflation in the oil producing African nation.
Angola’s government
revised 2010 GDP growth downwards to 6.7 percent from 9.7 percent in
the nation’s revised budget, which was approved by parliament last
week.
The economy expanded by 2.7 percent last year.
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