National Statistics Institute presents Price Index for the month of February.

The National Statistics Institute (INE) makes the Quick Information Sheet (FIR) of the National Consumer Price Index (IPCN) available to users, with the new weighting structure.

Expenditure on goods and services that constituted the basis for constructing the IPCN weights and product basket were extracted from the results of the Expenditure and Revenue Survey (IDR) carried out by INE, covering urban and rural areas of all provinces.

The National Consumer Price Index registered a variation of 2.58% from January to February 2024. Comparing the monthly variations (January to February 2024) there is an acceleration of 0.09%, while, in terms counterparts (February 2023 to February 2024), there is an acceleration in the current variation of 1.72%.

The provinces that recorded the lowest price variation were Moxico with 1.58%, Lunda Norte with 1.65% and Bié with 1.71%. And the provinces that recorded the greatest variation in prices were Luanda with 3.45%, Cabinda with 2.20% and Huíla with 2.09%.

The rate of variation of the IPCN by consumption classes, of the twelve classes, nine (09) present rates greater than unity. The Food and non-alcoholic beverages class recorded the biggest price increase, with a variation of 3.12%. Also noteworthy are the price increases seen in the classes, Health with 3.06%, Miscellaneous goods and services with 2.89% and Clothing and footwear with 2.71%.

The year-on-year variation stands at 24.07%, registering an increase of 12.53% compared to that observed in the same period of the previous year (February 2023). Comparing the year-on-year variation recorded in the previous month, there is an acceleration of 2.08%.

Contribution by expense classes, the Food and non-alcoholic beverages class contributed the most to the increase in the general price level with 1.85% during the month of February, followed by the Miscellaneous goods and services classes with 0.20% , Health with 0.12% and Clothing and footwear with 0.11%. The remaining classes had contributions of less than 0.11%.

However, INE thanks all household members who declared their expenses and income during the survey period. On the other hand, it is open to receiving valid contributions that could help improve the presentation.