The annual inflation rate in Angola edged down to 17.36 percent in April 2019 from 17.56 percent in the prior month, reaching its lowest level since January 2016. On a monthly basis, consumer prices increased 1.05 percent, easing from a 1.09 percent gain in the previous month. Prices rose less mainly for food & non-alcoholic beverages (1.14 percent vs 1.29 percent in March); clothing & footwear (1.09 percent vs 1.24 percent); miscellaneous goods & services (0.86 percent vs 1.38 percent) and restaurants & hotels (0.54 percent vs 0.86 percent). In contrast, cost advanced faster for housing & utilities (1.53 percent vs 0.30 percent). Inflation Rate in Angola averaged 35.46 percent from 2001 until 2019, 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.
Inflation Rate in Angola is expected to be 16.90 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 13.50 in 12 months time. In the long-term, the Angola Inflation Rate is projected to trend around 14.00 percent in 2020, according to our econometric models.