Inflation in Angola
Consumer price inflation in Angola averaged 18.8% in the ten years to 2022, which was above the Sub-Saharan Africa regional average of 9.4%. The average figure for 2022 was 21.4%. For more inflation information, visit our dedicated page.
Angola Inflation Chart
Note: This chart displays Inflation Rate (CPI, annual variation in %) for Angola from 2013 to 2022.
Source: National Statistical Institute Angola.
Angola Inflation Data
| 2018 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|
| Inflation (CPI, ann. var. %, aop) | 19.6 | 17.1 | 22.3 | 25.8 | 21.4 |
| Inflation (CPI, ann. var. %, eop) | 18.6 | 16.9 | 25.1 | 27.0 | 13.9 |
Inflation comes in at highest level since October 2022 in October
Inflation increased to 16.6% in October from September’s 15.0%. October's result marked the highest inflation rate since October 2022. Inflation has increased in recent months due to a weaker kwanza in year on year terms and the removal of fuel subsidies in early June. Annual average inflation remained at September's 12.8% in October. Finally, consumer prices increased 2.15% from the previous month in October, picking up from the 2.10% rise seen in September. October's figure marked the highest reading since September 2021.
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.