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Prices on the increase

    JOHANNESBURG
    Food prices in Angola have increased by 42 percent during the first four months of 1999, and were expected to continue rising, the official newspaper, ‘Angolense’ reported on Tuesday. Prices in April alone had gone up 8 percent. It said this corresponded “to a reduction of about 30 per cent in the currency’s buying power”. With an inflation rate of 13 percent, it said April was “at the top of the pile” when it came to price hikes. “Nothing good is predicted for the near future. In view of this, there is the need to ensure that earnings are spread out in a more equitable manner,” the newspaper said.

    This article was produced by IRIN News while it was part of the United Nations Office for the Coordination of Humanitarian Affairs. Please send queries on copyright or liability to the UN. For more information: https://shop.un.org/rights-permissions

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