Inflation in Angola
Angola - Inflation
Inflation jumps in December amid currency pressures
Consumer prices in the province of Luanda rose 1.9% from the previous month in December, accelerating from November’s 1.5% result, and marking the strongest increase since September 2018.
Meanwhile, inflation in the province of Luanda jumped to a four-month high of 17.1% in December, from 16.6% in November. This was seemingly due to significant upside pressures stemming from a weaker kwanza after the Central Bank floated the currency in October. That said, annual average inflation inched down to a near four-year low of 17.3% from 17.4% in November.
FocusEconomics panelists expect inflation to average 17.8% in 2020, up 2.1 percentage points from last month’s projection, and 15.5% in 2021.
Angola - Inflation Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Inflation Rate (CPI, annual variation in %) | 8.8 | 7.3 | 10.3 | 32.4 | 31.7 |
Angola Inflation Chart
Source: National Statistics Institute
Angola Facts
| Value | Change | Date | |
|---|---|---|---|
| Exchange Rate | 479.0 | 0.0 % | Jan 01 |
| Stock Market | 0.1 | 0.0 % | Jan 07 |
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Economic News
Angola: Inflation jumps in December amid currency pressures
January 17, 2020
Consumer prices in the province of Luanda rose 1.9% from the previous month in December, accelerating from November’s 1.5% result, and marking the strongest increase since September 2018. Meanwhile, inflation in the province of Luanda jumped to a four-month high of 17.1% in December, from 16.6% in November.
Angola: Both Cabinda crude oil prices and Angolan oil production jump to seven-month highs in December
January 17, 2020
The average price of Angola’s Cabinda crude rose to USD 69.4 per barrel (pb) in December, from USD 64.7 pb in November.
Angola: Economic sentiment slips in Q3
December 13, 2019
The economic climate indicator (ICE, Indicador de Clima Económico) published by the Statistical Institute weakened to minus 7 points in the third quarter from minus 5 points in the second quarter, which had marked the best reading in four years.
Angola: Inflation ticks up in November
December 13, 2019
Consumer prices in the province of Luanda rose 1.5% from the previous month in November, edging up from October’s 1.4% increase.
Angola: Cabinda crude oil prices rise in November; Angolan production dives to over 13-year low in the same month
December 11, 2019
The average price of Angola’s Cabinda crude rose to USD 64.7 per barrel (pb) in November, from USD 60.7 pb in October, marking the second highest price since July.
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