The downward trend in wholesale food prices — including items such as hake, cachuco, croaker, pork, frozen chicken, cornmeal, and wheat flour — is also being reflected at the consumer level, which recorded a year-on-year inflation rate of 20.7%. Between April and May, the Wholesale Price Index (WPI), which focuses on the agriculture, livestock, fisheries, and manufacturing sectors, registered a monthly variation of 1.10%, representing a slowdown of 0.14 percentage points compared to the previous month. On a year-on-year basis, the variation in May 2025 stood at 22.34%, down 12.23 percentage points from April, marking the lowest annual inflation rate in wholesale prices since November 2023.
The downward trend in wholesale prices is also reflected in consumer prices, with year-on-year inflation of 20.74% in May. In a normally functioning economy, the WPI is usually an early indicator of the Consumer Price Index (CPI), typically reflected with a one- to two-month delay, but in Angola this correlation is not always linear.
This is partly because the WPI covers only three economic sectors — agriculture and livestock, fisheries, and manufacturing — out of the ten that make up the CPI. However, these three account for around 75% of the CPI’s total weight.
Domestic product prices rose much more than imported goods: national products increased by 1.79%, while imported goods rose by only 0.81% compared to the previous month.
Among domestically produced goods, the highest price increases in May were in the fisheries category:
- Fresh hake: +2.7%
- Fresh cachuco: +2.6%
- Fresh croaker: +2.6%
- Fresh sole: +2.5%
- Fresh mackerel: +2.5%
Imported goods showed smaller increases, mostly in food products, such as:
- Pork: +0.2 percentage points
- Frozen chicken: +0.2 p.p.
- Cornmeal and wheat flour: +0.1 p.p.
The wholesale price index confirms the trend seen in the CPI, where food products continue to drive inflation, affecting people’s access to an adequate diet.
Source: Expansão
