Inflation Angola 2023
Average inflation: 13.5%
Inflation in 2023
Inflation is very high at 13.5%, far above the ECB target.
Peak and Trough
The highest inflation was in December at 20.0%. The lowest inflation was in April at 10.6%.
- Highest month
- December: 20.0%
- Lowest month
- April: 10.6%
- Difference
- 9.4 percentage points
- Months with data
- 12 of 12
Historical Context
Inflation is 6.5 percentage points lower than the 5-year average of 20.0%.
- 5-year average
- 20%
- 10-year average
- 19.7%
- All-time high (2004)
- 45.3%
- All-time low (2014)
- 7.3%
Trend
Over the period 2021-2023, inflation shows a downward trend. Compared to 2022, inflation has fallen by 8.2 percentage points.
- Change vs. previous year
- -8.2 percentage points
- Largest monthly swing
- March: -16.2 percentage points
ECB Target
Inflation is 11.5 percentage points above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this high inflation rate, purchasing power rapidly decreases. This has a major impact on households, especially without adequate salary increases.
What you could buy for AOA 100 this year will cost approximately AOA 113.50 next year at this inflation rate.
Multi-year trend
Monthly figures 2023
Month overview
| Month | Inflation | Difference vs. 2022 |
|---|---|---|
| January | 12.5% | -15.2 |
| February | 11.5% | -15.8 |
| March | 10.8% | -16.2 |
| April | 10.6% | -15.2 |
| May | 10.6% | -13.8 |
| June | 11.2% | -11.8 |
| July | 12.1% | -9.3 |
| August | 13.5% | -6.3 |
| September | 15.0% | -3.2 |
| October | 16.6% | -0.1 |
| November | 18.2% | +3.0 |
| December | 20.0% | +6.1 |
| Average | 13.5% |
Data source
Data from WorldBank. Last updated: 06/01/2026.