Angola Inflation Rate Slows Again in September

Angola’s annual inflation rate eased to 8.43% in September 2026 from 8.78% in August, marking its lowest level since April 2015 and extending the downward trend observed since mid-2024. The moderation was mainly supported by the relative stability of the kwanza and improved domestic supply of essential goods. Inflation slowed for food and non-alcoholic beverages (9.54% vs. 9.94%), transportation (3.32% vs. 3.67%), education (18.53% vs. 19.33%), furnishings (6.02% vs 6.42%) and recreation, sports and culture (3.41% vs 4.18%). In contrast, price growth accelerated for housing and utilities (9.07% vs. 8.24%) and alcoholic beverages and tobacco (9.10% vs. 9.02%). From the previous month, consumer prices rose 0.68%, accelerating from a 0.59% rise in August.

The annual inflation rate in Angola fell further to 8.78% in August 2026 from 9.33% in July, marking the lowest since April 2015 and extending the downward trend observed since mid-2024. The moderation in inflation has been attributed mainly to the relative stability of the kwanza and improvements in the domestic supply of essential goods. Price growth eased for several CPI categories, including food & non-alcoholic beverages (9.94% vs 10.40% in July); clothing & footwear (6.20% vs 6.30%); housing & utilities (8.24% vs 10.17%); miscellaneous goods & services (6.02% vs 6.38%) and education (19.33% vs 25.24%). Meanwhile, prices increased slightly faster for alcoholic beverages & tobacco (9.02% vs 8.61%) and transportation (3.67% vs 3.65%). On a monthly basis, the CPI rose by 0.59%, slowing from a 0.75% increase in the prior month.

The annual inflation rate in Angola continued to ease to 9.33% in July 2026 from 10.11% in June, remaining near its lowest level since 2015. This marked the 24th consecutive month of deceleration, mainly attributed to the sustained stability of the kwanza, fuel subsidies and improvements in the domestic supply of essential goods. Softer price growth was observed across most categories, particularly transportation (3.65% vs 15.40% in June). A similar trend was seen in prices of food & non-alcoholic beverages (10.40% vs 10.73%); alcoholic beverages & tobacco (8.61% vs 8.64%); clothing & footwear (6.30% vs 6.59%); housing & utilities (10.17% vs 11.14%) and miscellaneous goods & services (6.38% vs 7.50%). Conversely, education (25.24% vs 13.40%) and communication (6.67% vs 6.40%) recorded stronger increases. On a monthly basis, the CPI rose by 0.75% in July, after a 0.52% increase in the prior month.