Angola's annual inflation rate soared to 22.62 percent in June of 2020 from 21.82 percent in May. That was the highest rate since January of 2018, amid the continued depreciation of the kwanza and lingering effects of the global pandemic. On a monthly basis, consumer prices went up 1.74 percent, easing from a 1.94 percent rise in the previous month, as inflation softened mostly for food & non-alcoholic beverages (2.28 percent vs 2.59 percent in May) and transport (0.92 percent vs 1.41 percent). Meanwhile, prices advanced faster for restaurants & hotels (2.19 percent vs 2.05 percent).
Inflation Rate in Angola averaged 34.43 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 July of 2020. source: Instituto Nacional de Estatística, Angola
Inflation Rate in Angola is expected to be 24.60 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 23.00 in 12 months time. In the long-term, the Angola Inflation Rate is projected to trend around 19.00 percent in 2021 and 17.00 percent in 2022, according to our econometric models.