Inflation falls to a near two-year low in August

Latest reading: Inflation came in at 18.9% in August, down from 19.5% in July, easing for the 13th consecutive month and marking the lowest rate since November 2023. Softer price pressures for food—accounting for over half of the consumer price basket—drove the result. Improved goods supply and the kwanza’s greater stability, supported by Central Bank intervention in the FX market, outweighed upside pressures from rising diesel prices following lower fuel subsidies. Consequently, the trend eased, with annual average inflation ticking down to 24.0% in August from 25.0% in July. Finally, consumer prices rose 1.09% in August over the previous month, which was below the 1.47% increase logged in July, and marked the weakest reading since May 2023.

How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Angolan inflation projections for the next ten years from a panel of 14 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable inflation forecast available for Angolan inflation.

Download one of our sample reports to visualize what a Consensus Forecast is and see our Angolan inflation projections.

Want to get access to the full dataset of Angolan inflation forecasts? Send an email to info@focus-economics.com.