Angola inflation falls to lowest since July 2023

Angola inflation slowed to 13.35% in February 2026, marking the lowest annual rate since July 2023 and signalling gradual price stabilisation in the economy.

Inflation trends signal easing price pressures

Angola inflation continued its downward trend in February, as annual consumer prices rose 13.35%, compared with 14.56% recorded in January. The figures, released by the Instituto Nacional de Estatística, mark the lowest inflation level in the country since July 2023 and reinforce expectations that price pressures are gradually stabilising.

The easing trend reflects a combination of tighter monetary policy, relative currency stability, and improved supply conditions across several consumer sectors. Economists note that inflation in Angola had remained elevated for several years due to exchange rate volatility, higher import costs, and global commodity price fluctuations. However, recent data indicates that the pace of price increases has slowed steadily during the past year.

Monetary policy supporting stabilisation

The moderation in Angola inflation aligns with ongoing efforts by the Banco Nacional de Angola to maintain tighter monetary conditions and strengthen macroeconomic stability. The central bank has pursued a cautious policy stance aimed at containing inflation expectations while supporting financial system resilience.

In addition, fiscal consolidation and structural reforms introduced by the government have supported greater confidence in Angola’s economic management. According to analysts, improved coordination between fiscal and monetary policy has contributed to the gradual stabilisation of consumer prices and the national currency.

External environment remains relevant

Although domestic policies have played a central role, Angola inflation trends also reflect global economic dynamics. Energy prices, supply chains, and international food markets continue to influence consumer costs across the country. As Angola remains a significant oil exporter, movements in global commodity markets can indirectly affect domestic price conditions through exchange rate dynamics and fiscal revenues.

International financial institutions, including the International Monetary Fund and the World Bank, have highlighted Angola’s ongoing macroeconomic reforms as important factors supporting price stability and broader economic resilience.

Outlook for Angola inflation

Looking ahead, analysts expect Angola inflation to continue moderating gradually if current macroeconomic policies remain in place. Nevertheless, authorities remain attentive to potential risks, including exchange rate movements and global food price volatility.

For businesses and investors, the latest inflation data reinforces signals of improving economic stability. Lower inflation levels can help strengthen purchasing power, support domestic investment planning, and create a more predictable environment for economic activity.

While challenges remain, the latest figures suggest that Angola’s economic stabilisation process is progressing, with Angola inflation showing a consistent downward trajectory as the country continues implementing fiscal and monetary reforms.

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