Inflation Angola 2024
Average inflation: 28.2%
Inflation in 2024
Inflation is very high at 28.2%, far above the ECB target.
Peak and Trough
The highest inflation was in July at 31.1%. The lowest inflation was in January at 22.0%.
- Highest month
- July: 31.1%
- Lowest month
- January: 22.0%
- Difference
- 9.1 percentage points
- Months with data
- 12 of 12
Historical Context
Inflation is 5.9 percentage points higher than the 5-year average of 22.3%. This approaches the highest level since records began (30.4% in 2017).
- 5-year average
- 22.3%
- 10-year average
- 21.8%
- All-time high (2017)
- 30.4%
- All-time low (2014)
- 7.3%
Trend
Over the period 2022-2024, inflation shows an upward trend. Compared to 2023, inflation has risen by 14.7 percentage points.
- Change vs. previous year
- +14.7 percentage points
- Largest monthly swing
- June: +19.8 percentage points
ECB Target
Inflation is 26.2 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 128.20 next year at this inflation rate.
Multi-year trend
Monthly figures 2024
Month overview
| Month | Inflation | Difference vs. 2023 |
|---|---|---|
| January | 22.0% | +9.5 |
| February | 24.1% | +12.6 |
| March | 26.1% | +15.3 |
| April | 28.2% | +17.6 |
| May | 30.2% | +19.6 |
| June | 31.0% | +19.8 |
| July | 31.1% | +19.0 |
| August | 30.5% | +17.0 |
| September | 29.9% | +14.9 |
| October | 29.2% | +12.6 |
| November | 28.4% | +10.2 |
| December | 27.5% | +7.5 |
| Average | 28.2% |
Data source
Data from WorldBank. Last updated: 06/01/2026.