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Home International Customs

Inflation reaches 3.43% in March

byCT Report
14/05/2016
in International Customs, World Business
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LONDON: The main contributors to the rise of the inflation rate were alcoholic drinks, the sectors of health, goods and services. The lowest inflation rate, in the mentioned period, was recorded in Huambo Province, while the highest one was recorded in Namibe Province (4.19%).

According to preliminary data, in the month of March the credit to the economy grew 1.22 per cent. In terms of the exchange market, the note reveals that in the month of March the national currency, Angolan Kwanza (AKZ), suffered a devaluation of 1.08% in relation to the previous month, with the exchange rate standing at AKZ 160,07 for one US dollar.

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