Angola’s inflation rate fell to 12.42% in March, down 0.93 percentage points from February, marking the 21st consecutive month of decline, according to data from the National Statistics Institute (INE).
The National Consumer Price Index (CPI) had peaked in July 2024 at 31.09% year-on-year, and has since steadily declined to its current level—the lowest since July 2023.
The transport sector recorded the highest annual increase in March at 16.59%, down from 18.66% in February. It was followed by housing, water, electricity, and fuels at 15.49%, and health and education, both at 13.40%.
Food and non-alcoholic beverages remain the main driver of inflation, accounting for 62.26% of the overall index variation, with a contribution of 7.73 percentage points. However, this category also saw a slight decrease, from 13.55% in February to 12.72% in March.
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At the provincial level, Cabinda recorded the highest price increase at 19.56%, followed by Malanje (14.62%) and Lunda Sul (14.58%).
On the other end, Cunene had the lowest inflation rate at 9.87%, followed by Huambo (9.93%) and Namibe (10.55%).
The downward trend aligns with projections from the National Bank of Angola (BNA), which forecasts inflation to reach 13.5% in 2026.
