The annual inflation rate in Angola fell to 16.94 percent in June 2019 from 17.14 percent in the previous month, remaining the lowest inflation rate since January 2016. On a monthly basis, consumer prices rose 1.08 percent, easing slightly from a 1.09 percent gain in May. Cost of food & non-alcoholic beverages slowed (1.15 percent from 1.20 percent in May) while prices increased further for housing & utilities (0.76 percent from 0.72 percent); transport (0.86 percent from 0.69 percent); clothing & footwear (1.11 percent from 0.91 percent); restaurants & hotels (1.19 percent from 1.13 percent) and miscellaneous goods & services (1.29 percent from 1.09 percent). Inflation Rate in Angola averaged 35.30 percent from 2001 until 2019, 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.
Inflation Rate in Angola is expected to be 14.50 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 13.20 in 12 months time. In the long-term, the Angola Inflation Rate is projected to trend around 14.00 percent in 2020, according to our econometric models.