The annual inflation rate in Angola edged down to 18.2 percent in January of 2019 from 18.6 percent in the prior month. It is the lowest inflation rate since October. On a monthly basis, consumer prices went up 1.14 percent, after a 1.41 percent increase in December and reaching the lowest level since November 2017. Cost slowed mostly for food & non-alcoholic beverages (1.20% vs 1.53% in December); clothing & footwear (1.31% vs 2.01%); miscellaneous goods & services (1.43% vs 2.06%). In contrast, monthly inflation quickened for housing & utilities (0.49% vs 0.45%) and furnishings (1.52% vs 1.46%). Inflation Rate in Angola averaged 35.71 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 16.00 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 14.00 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.