Inflation in Angola
Consumer price inflation in Angola averaged 20.1% in the ten years to 2024, in line with the Sub-Saharan Africa regional average of 10.8%. The 2024 average figure was 28.2%. For more information on inflation, visit our dedicated page.
Angola Inflation Chart
Note: This chart displays Inflation Rate (CPI, annual variation in %) for Angola from 2014 to 2024.
Source: Macrobond.
Angola Inflation Data
2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Inflation (CPI, ann. var. %, aop) | 22.3 | 25.8 | 21.4 | 13.6 | 28.2 |
Inflation (CPI, ann. var. %, eop) | 25.1 | 27.0 | 13.9 | 20.0 | 27.5 |
Inflation drops in June
Latest reading: Inflation came in at 19.7% in June, which was down from May’s 20.7%, marking the lowest inflation rate since November 2023. Renewed Central Bank intervention in FX markets has buoyed the kwanza, taming imported inflation. Domestically, high interest rates and improved consumer goods supply have contributed to a sustained decline in inflation. That said, the paring back of fuel subsidies likely capped the overall decline in inflation and should keep it among the highest in Sub-Saharan Africa ahead. Accordingly, the trend pointed down, with annual average inflation coming in at 25.9% in June (May: 26.9%). Finally, consumer prices rose 1.21% in June over the previous month, picking up from the 1.17% increase seen in May.
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 15 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.
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