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.