Angola's annual inflation rate soared for the twelfth consecutive month to 24.34% in October of 2020. It was the highest inflation rate since November of 2017, as the kwanza continued to depreciate reflecting the twin impact of Covid-19 and subdued oil prices amid renewed restrictive measures around the world. On a monthly basis, consumer prices inched up 1.81%, following a 1.78% increase in the prior month, mainly on account of food & non-alcoholic beverages (2.11%); alcoholic beverages & tobacco (2.08%); hotels, cafes & restaurants (1.97%) and clothing & footwear (1.89%). source: Instituto Nacional de Estatística, Angola
Inflation Rate in Angola averaged 34.25 percent from 2001 until 2020, reaching an all time high of 241.08 percent in January of 2001 and a record low of 6.89 percent in June of 2014. This page provides the latest reported value for - Angola Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Angola Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on November of 2020.
Inflation Rate in Angola is expected to be 25.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Angola to stand at 25.80 in 12 months time. In the long-term, the Angola Inflation Rate is projected to trend around 25.00 percent in 2021 and 18.00 percent in 2022, according to our econometric models.