Inflation in Angola

Angola Inflation | Economic News & Forecasts

Angola - Inflation

Inflation edges up in July

Consumer prices in the province of Luanda rose 1.5% in July from the previous month, accelerating from June’s 1.1% increase and marking the highest print so far this year. According to the Statistical Institute, 10 out of index’s 12 sub-components posted month-on-month price increases, led by higher prices for utilities; hotels, cafes and restaurants; and clothing and footwear.

Inflation in the province of Luanda edged up for the first time in seven months in July coming in at 17.6%, accelerating from an over three-year low of 17.3% in June. Nevertheless, annual average inflation continued trending downwards in July, ticking down to an over three-year low of 17.9%, from 18.0% in June.

FocusEconomics Consensus Forecast panelists see inflation moderating gradually going forward and expect it to average 17.0% in 2019, down 0.1 percentage points from last month’s projection, and 13.3% in 2020.

Angola - Inflation Data

2013  2014  2015  2016  2017  
Inflation Rate (CPI, annual variation in %)8.8  7.3  10.3  32.4  31.7  

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Angola Inflation Chart

Angola Inflation
Note: Inflation, annual average variation of consumer price index (CPI) in %.
Source: National Statistics Institute

Angola Facts

Exchange Rate362.70.0 %Sep 04
Stock Market0.10.0 %Sep 04

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