Angola's annual inflation rate surged for the 14th month to 25.1% in December of 2020. It was the highest inflation rate since October of 2017, amid the ongoing currency depreciation due to the twin impact of Covid-19 and still subdued oil prices. On a monthly basis, consumer prices inched up 2.1%, the most since April, after increasing 1.8% in the previous month. Main upward pressure came from prices of food & non-alcoholic beverages (2.4% vs 2.3% in November); alcoholic beverages & tobacco (2% vs 1.9%); health (1.9% vs 2.1%); housing & utilities (1.8% vs 1.3%); clothing & footwear (1.9% vs 2.1%) and miscellaneous goods & services (1.9% vs 1.8%). source: Instituto Nacional de Estatística, Angola
Inflation Rate in Angola averaged 34.17 percent from 2001 until 2020, reaching an all time high of 241.08 percent in January of 2001 and a record low of 6.89 percent in June of 2014. This page provides the latest reported value for - Angola Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Angola Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on January of 2021.
Inflation Rate in Angola is expected to be 26.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Angola to stand at 20.00 in 12 months time. In the long-term, the Angola Inflation Rate is projected to trend around 12.00 percent in 2022, according to our econometric models.