The monthly inflation rate in Angola dropped to 1.39 percent in October 2018, from 2.69 percent in the previous month, as prices slowed sharply for housing & utilities (1.05 percent from 17.89 percent in September) and transport (0.97 percent from 2.11 percent). On the other hand, cost advanced faster for food & non-alcoholic beverages (1.37 percent from 1.17 percent); clothing & footwear (2.04 percent from 1.89 percent); furnishings & household equipment (1.66 percent from 1.52 percent); restaurants & hotels (1.66 percent from 1.56 percent); alcoholic beverages & tobacco (1.46 percent from 1.26 percent) and health (1.86 percent from 1.64 percent). Year-on-year, inflation dropped to 18.04 percent from a downwardly revised 19.21 percent in the previous month, reaching its lowest rate since January 2016. Considering the Luanda province only, monthly inflation was 1.37 percent and the yearly rate was 17.35 percent. Inflation Rate Mom in Angola averaged 1.24 percent from 2011 until 2018, reaching an all time high of 4.26 percent in July of 2016 and a record low of 0.41 percent in October of 2013.
Inflation Rate Mom in Angola is expected to be 1.45 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate Mom in Angola to stand at 1.55 in 12 months time. In the long-term, the Angola Inflation Rate MoM is projected to trend around 1.30 percent in 2020, according to our econometric models.