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). Inflation Rate in Angola averaged 35.14 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 17.70 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 16.40 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.