Consumer prices in Angola increased 1.9 percent from a month earlier in December 2019, the most since September 2018, after rising 1.5 percent in November. This mainly reflected the impact of recent VAT introduction in October. Main upward pressure came from prices of food & non-alcoholic beverages (2.3 percent vs 1.9 percent); housing & utilities (0.4 percent vs 0.3 percent); transport (1.8 percent vs 1.3 percent); clothing & footwear (2.1 percent vs 1.6 percent) and miscellaneous goods & services (1.8 percent vs 1.6 percent). Inflation Rate Mom in Angola averaged 1.25 percent from 2011 until 2019, reaching an all time high of 4.26 percent in July of 2016 and a record low of 0.41 percent in October of 2013. source: Instituto Nacional de Estatística, Angola
Inflation Rate Mom in Angola is expected to be 0.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate Mom in Angola to stand at 1.20 in 12 months time. In the long-term, the Angola Inflation Rate MoM is projected to trend around 0.80 percent in 2020, according to our econometric models.