Angola’s Soaring Inflation: A Harsh Reality Check for a Struggling Economy

In May 2024, Angola’s inflation hit a daunting 30.16%, the highest since June 2017, when it peaked at 31.89%. This sharp rise is not an isolated incident; it’s a significant month-over-month increase of 2.49%, as reported by the Angolan National Institute of Statistics (INE). Annually, this rate has leaped by 19.54 percentage points since May […]