- PPI posts fourth consecutive monthly decline
- Oil and diamond prices drive industrial slowdown
LUANDA, ANGOLA – Angola’s producer prices fell again in October, extending a damaging run of declines as weakness in oil and diamonds continued to batter the country’s industrial base.
Data released by the National Institute of Statistics showed the Producer Price Index (PPI) dropped 3.10% month-on-month in October, worsening from a 1.27% fall in September.
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