Angola's annual inflation rate soared for the tenth consecutive month to 23.41% in August of 2020. It was the highest rate since December of 2017, amid the continued depreciation of the kwanza reflecting the joint impact of Covid-19 and low oil prices. On a monthly basis, consumer prices inched up 1.83%, after a 1.78% increase in July, driven by prices of miscellaneous goods & services (2.78% vs 1.93%); alcoholic beverages & tobacco (2.41% vs 1.96%); clothing & footwear (1.99% vs 1.82%) and health (1.93% vs 1.61%).

Inflation Rate in Angola averaged 34.34 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 September of 2020. source: Instituto Nacional de Estatística, Angola

Inflation Rate in Angola is expected to be 24.70 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 26.50 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.

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Angola Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
23.41 22.93 241.08 6.89 2001 - 2020 percent Monthly
2014=100, NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-06-15 03:00 PM May 21.82% 20.81% 21.7%
2020-07-13 09:30 AM Jun 22.62% 21.82% 22.5%
2020-08-12 02:00 PM Jul 22.93% 22.62% 23%
2020-09-11 05:00 PM Aug 23.41% 22.93% 23.8%
2020-10-12 11:00 AM Sep 23.41% 24.7%
2020-11-13 11:00 AM Oct 25.6%
2020-12-11 11:00 AM Nov 26.7%


News Stream
Angola August Inflation Rate Climbs Further to 23.4%
Angola's annual inflation rate soared for the tenth consecutive month to 23.41% in August of 2020. It was the highest rate since December of 2017, amid the continued depreciation of the kwanza reflecting the joint impact of Covid-19 and low oil prices. On a monthly basis, consumer prices inched up 1.83%, after a 1.78% increase in July, driven by prices of miscellaneous goods & services (2.78% vs 1.93%); alcoholic beverages & tobacco (2.41% vs 1.96%); clothing & footwear (1.99% vs 1.82%) and health (1.93% vs 1.61%).
2020-09-11
Angola July Inflation Rate at Over 2-1/2-Year High
Angola's annual inflation rate climbed for the ninth consecutive month to 22.93 percent in July of 2020, the highest level since December of 2017, amid the continued depreciation of the kwanza that was aggravated by the adverse effects of the global pandemic. On a monthly basis, consumer prices were up 1.78 percent, little-changed from a 1.74 percent increase in June, as prices advanced faster primarily for transport (1.48 percent vs 0.92 percent in June) and restaurants & hotels (2.23 percent vs 2.19 percent).
2020-08-12
Angola June Inflation Rate Highest since 2018
Angola's annual inflation rate soared to 22.62 percent in June of 2020 from 21.82 percent in May. That was the highest rate since January of 2018, amid the continued depreciation of the kwanza and lingering effects of the global pandemic. On a monthly basis, consumer prices went up 1.74 percent, easing from a 1.94 percent rise in the previous month, as inflation softened mostly for food & non-alcoholic beverages (2.28 percent vs 2.59 percent in May) and transport (0.92 percent vs 1.41 percent). Meanwhile, prices advanced faster for restaurants & hotels (2.19 percent vs 2.05 percent).
2020-07-13
Angola May Inflation Rate Nears 2-1/2-Year High of 21.8%
Angola's annual inflation rate climbed further to 21.82 percent in May of 2020 from 20.81 percent in April. That was the highest rate since January of 2018, as the kwanza currency remained under pressure amid fears of a severe recession prompted by the pandemic crisis. On a monthly basis, consumer prices were up 1.94 percent, slowing from a 2.05 percent rose logged in the previous month. Prices slowed mostly for food & non-alcoholic beverages (2.59 percent vs 3.15 percent in April); hotels, cafes & restaurants (2.05 percent vs 2.38 percent) and housing & utilities (0.4 percent vs 0.6 percent). Meanwhile, the cost of transport advanced faster (1.41 percent vs 0.93 percent).
2020-06-15

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.