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.