Angola's annual inflation rate picked up to 16.9 percent in December 2019 from 16.3 percent in the prior month. It was the highest inflation rate since August, following the recent VAT introduction and the continued devaluation of the Kwanza after the National Bank of Angola floated the currency in October. On a monthly basis, consumer prices increased 1.9 percent, the most since September 2018, after rising 1.5 percent in November. Main upward pressure came from prices of food & non-alcoholic beverages (2.3 percent vs 1.9 percent); housing & utilities (0.4 percent vs 0.3 percent); transport (1.8 percent vs 1.3 percent); clothing & footwear (2.1 percent vs 1.6 percent) and miscellaneous goods & services (1.8 percent vs 1.6 percent).

Inflation Rate in Angola averaged 34.81 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. 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. source: Instituto Nacional de Estatística, Angola

Inflation Rate in Angola is expected to be 17.50 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 22.00 in 12 months time. In the long-term, the Angola Inflation Rate is projected to trend around 15.00 percent in 2020, according to our econometric models.


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Angola Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
16.90 16.32 241.08 6.89 2001 - 2019 percent Monthly
2014=100, NSA

Calendar GMT Actual Previous Consensus TEForecast
2019-10-14 09:00 AM Sep 16.08% 17.5% 17.1%
2019-11-13 04:50 PM Oct 16.08% 16.08% 17%
2019-12-16 09:45 AM Nov 16.32% 16.08% 17%
2020-01-15 11:50 AM Dec 16.90% 16.32% 16.5%
2020-02-12 11:00 AM Jan 16.90% 16.7%


News Stream
2019-12-16
Angola Inflation Rate Hits 3-Month High of 16.3%
Angola's annual inflation rate rose to 16.3 percent in November 2019 from 16.1 percent in the previous month, reflecting some impact of the recent introduction of the VAT and also the continued devaluation of the Kwanza. On a monthly basis, consumer prices inched up 1.5 percent, following a 1.4 percent rise in the prior month, as prices advanced faster mostly for housing & utilities (0.3 percent vs 0.1 percent in October); clothing & footwear (1.6 percent vs 1.3 percent); miscellaneous goods & services (1.6 percent vs 1 percent) and transport (1.3 percent vs 0.9 percent). Meanwhile, inflation remained steady for food & non-alcoholic beverages (at 1.9 percent).

2019-11-13
Angola Inflation Rate Steady at Near 4-Year Low of 16.1%
Angola's annual inflation rate was unchanged at 16.1 percent in October 2019, its lowest level since January 2016. On a monthly basis, consumer prices went up 1.38 percent, easing from a 1.45 percent rise in the previous month, as cost increased less for housing & utilities (0.1 percent vs 1.2 percent); clothing & footwear (1.30 percent vs 1.63 percent); transport (0.9 percent vs 1.1 percent); miscellaneous goods & services (1 percent vs 1.7 percent) and recreation & culture (1.4 percent vs 1.7 percent). In contrast, inflation edged higher for food & non-alcoholic beverages (1.92 percent vs 1.58 percent), in particular soybean oil (3.5 percent); sugar (3.6 percent) and rice (5 percent).

2019-10-14
Angola Inflation Rate Lowest in Near 3 Years
Angola's annual inflation rate dropped to 16.08 percent in September 2019, its lowest level since January 2016, from 17.50 percent in the previous month. On a monthly basis, consumer prices went up 1.45 percent, following a 1.44 percent increase in August, amid higher prices of food & non-alcoholic beverages (1.58 percent vs 1.34 percent); miscellaneous goods & services (1.66 percent vs 1.37 percent) and restaurants & hotels (1.45 percent vs 1.37 percent). Meanwhile, cost slowed mostly for housing & utilities (1.15 percent vs 1.80 percent); clothing & footwear (1.63 percent vs 1.70 percent) and transport (1.14 percent vs 1.29 percent).

2019-09-12
Angola Annual Inflation Rate Rises to 17.5% in August
The annual inflation rate in Angola increased to 17.5 percent in August 2019 from 17.24 percent in the previous month. It was the first rise in annual inflation rate after seven consecutive months of declines. On a monthly basis, consumer prices rose 1.44 percent, slowing from a 1.52 percent gain in July. Cost eased mainly for food & non-alcoholic beverages (1.34 percent vs 1.39 percent in July); housing & utilities (1.8 percent vs 3.53 percent); and miscellaneous goods & services (1.37 percent vs 1.5 percent). Meanwhile, prices went up further for transport (1.29 percent vs 1.13 percent); clothing and footwear (1.7 percent vs 1.58 percent); health (2.39 percent vs 1.53 percent); restaurants & hotels (1.37 percent vs 1.27 percent) and alcoholic beverages and tobacco (1.34 percent vs 1.08 percent).

2019-08-13
Angola Monthly Inflation Rate Highest in 9 Months
Consumer prices in Angola grew 1.52 percent from a month earlier in July 2019, following a 1.08 percent increase in the prior month. It was the highest monthly inflation since September 2018 as cost of housing & utilities increased by 3.53% as electricity subsides were partially removed. In December 2018, Angola agreed to remove water and energy subsidies in exchange for a 3 year USD 3.7 billion financial assistance program from IMF. Prices also rose faster for food & non-alcoholic beverages (1.39% vs 1.15%); transport (1.13% vs 0.86%); clothing & footwear (1.58% vs 1.11%); hotels, cafes & restaurants (1.27% vs 1.19%) and miscellaneous goods & services (1.50% vs 1.29%).

2019-07-15
Angola June Inflation Rate Slows to 3-1/2-Year Low
The annual inflation rate in Angola fell to 16.94 percent in June 2019 from 17.14 percent in the previous month, remaining the lowest inflation rate since January 2016. On a monthly basis, consumer prices rose 1.08 percent, easing slightly from a 1.09 percent gain in May. Cost of food & non-alcoholic beverages slowed (1.15 percent from 1.20 percent in May) while prices increased further for housing & utilities (0.76 percent from 0.72 percent); transport (0.86 percent from 0.69 percent); clothing & footwear (1.11 percent from 0.91 percent); restaurants & hotels (1.19 percent from 1.13 percent) and miscellaneous goods & services (1.29 percent from 1.09 percent).


Angola Inflation Rate
In Angola, the Consumer Price Index (CPI) measures the change over time in the cost of a fixed basket of 240 goods and services. The most important components in the CPI are Food and Non Alcoholic Beverages (55.1 percent of total weight); Housing, Water, Electricity, Gas and Other Fuel (11.1 percent) and Clothing and Footwear (7 percent). Miscellaneous Goods and Services account for 6.9 percent of total index, Housing Equipment and Routine Maintenance of the House for 6.3 percent, Transport for 3.9 percent and Restaurants and Hotels for 3.2 percent. Health represents 2.5 percent of total weight, Alcoholic Beverages and Tobacco 2.3 percent, Recreation 1.6 percent and Education 0.01 percent.

Angola Prices Last Previous Highest Lowest Unit
Inflation Rate 16.90 16.32 241.08 6.89 percent [+]
Inflation Rate Mom 1.91 1.53 4.26 0.41 percent [+]
Consumer Price Index CPI 271.22 266.15 271.22 0.10 points [+]
Producer Prices 232.79 228.99 232.79 94.82 points [+]
Producer Prices Change 18.92 18.50 29.85 6.05 percent [+]
Cpi Housing Utilities 277.25 277.16 277.25 14.25 points [+]
CPI Transportation 197.63 195.29 197.63 10.83 points [+]