Angola Sustains Disinflation Trend

Angola’s annual inflation rate eased to 12.42% in March 2026, the lowest since July 2023, down from 13.35% in the prior month, maintaining the downward trend observed since August 2024. There were milder price pressures across the CPI categories, namely food & non-alcoholic beverages (12.72% vs 13.55% in February), alcoholic beverages & tobacco (11.03% vs 12.27%), clothing & footwear (10.14% vs 11.61%), housing & utilities (15.49% vs 16.06%), health (13.40% vs 14.24%), transportation (16.59% vs 18.66%), among others. The few exceptions included education (13.40% vs 13.40%) and communications (6.92% vs 6.48%). On a monthly basis, consumer prices rose by 0.55%, after a 0.52% increase in the previous month.

Angola’s annual inflation rate fell further to 13.35% in February 2026, the lowest since July 2023, from 14.56% January, helped by the ongoing stability of the kwanza. Price-growth moderated across several categories, primarily food & non-alcoholic beverages (13.55% vs 14.89% in January); alcoholic beverages & tobacco (12.27% vs 13.67%); clothing & footwear (11.61% vs 13%); health (14.24% vs 15.92%) and transportation (18.66% vs 19.07%). On a monthly basis, consumer prices rose by 0.52%, after a 0.68% increase in the previous month.

Angola’s annual inflation rate eased further to 14.56% in January 2026 from 15.70% in December, marking the softest increase since August 2023 and continuing the moderation trend observed since August 2024. The stability of the kwanza has been a crucial factor. Inflation slowdowns were seen across most categories, led by food and non-alcoholic beverages (14.89% vs 16.15% in December 2025), marking the slowest pace since August 2023; clothing and footwear (13.00% vs 14.34%), housing and utilities (16.60% vs 17.01%), and furnishings and household equipment (13.18% vs 14.30%). On a monthly basis, the CPI rose by 0.68% in January, easing from a 0.95% gain in the previous month and marking the softest monthly increase since March 2015.