Angola Inflation Rate YoY: February 2026 Update
Angola’s consumer price inflation continued to ease in February, with the annual rate dropping to 13.35%. This marks a notable improvement from January’s 14.56% and is well below the 19.73% recorded in July 2025. The latest figures highlight a persistent disinflation trend, offering relief to policymakers and markets alike.[1]
Table of Contents
Big-Picture Snapshot
Drivers This Month
- Food and non-alcoholic beverages: -0.42pp
- Transport: -0.18pp
- Housing and utilities: -0.11pp
Policy Pulse
The February print of 13.35% remains above the Banco Nacional de Angola’s medium-term target of single-digit inflation. However, the gap has narrowed significantly from the 10+ percentage point overshoot seen in mid-2025.
Market Lens
Angolan government bonds rallied on the release, as investors welcomed the continued disinflation. The kwanza steadied, reflecting improved confidence in the central bank’s policy stance and a more stable inflation outlook.
Foundational Indicators
Historical Context
- July 2025: 19.73%
- October 2025: 18.24%
- December 2025: 16.56%
- January 2026: 14.56%
- February 2026: 13.35%
Comparative Trends
February’s reading is 1.21 percentage points lower than January and 6.38 points below July’s peak. The 12-month average now stands at 16.98%, underscoring the pace of disinflation since late 2025.
Data Source & Methodology
Figures are sourced from the Sigmanomics database, reflecting official CPI data released by Angola’s National Institute of Statistics. The YoY rate compares the current month’s CPI to the same month a year prior.[1]
Chart Dynamics
Forward Outlook
Scenario Analysis
- Bullish: Inflation falls below 12% by mid-2026 (20–30% probability) if food and fuel prices remain subdued and the kwanza holds steady.
- Base: Headline inflation stabilizes between 12.5% and 13.5% over the next quarter (50–60% probability), as disinflation slows but remains intact.
- Bearish: Price pressures re-emerge, pushing inflation back above 15% (15–20% probability) if supply shocks or currency volatility return.
Risks & Catalysts
Upside risks include further declines in global food and energy prices, while downside risks stem from potential exchange rate pressures and fiscal slippage. The central bank’s policy credibility remains a key anchor for inflation expectations.
Closing Thoughts
Market Lens
Investor sentiment improved on the latest inflation release, with local bond yields compressing and the kwanza holding firm. The sustained disinflation trend has bolstered confidence in Angola’s macroeconomic management, though vigilance is warranted as inflation remains above target.
Key Markets Reacting to Inflation Rate YoY
Angola’s inflation trajectory influences a range of asset classes, from local equities and sovereign bonds to global currency pairs. The following symbols have shown sensitivity to shifts in Angolan inflation data, reflecting both direct and indirect macroeconomic linkages.
- AAPL (Stock): Indirect exposure via global supply chains and emerging market demand.
- EURUSD (Forex): Sensitive to commodity-driven flows and risk sentiment shifts tied to African inflation prints.
- BTCUSD (Crypto): Often viewed as a hedge in high-inflation environments, with increased local interest during inflation spikes.
| Year | Inflation Rate YoY (AO) | AAPL (YoY % chg) |
|---|---|---|
| 2020 | 21.03% | 80.75% |
| 2021 | 25.10% | 34.00% |
| 2022 | 18.16% | -26.80% |
| 2023 | 13.86% | 48.16% |
| 2024 | 15.27% | 49.03% |
| 2025 | 19.73% | 48.98% |
Since 2020, AAPL’s annual performance has shown little direct correlation with Angola’s inflation rate, highlighting the global nature of equity drivers versus localized inflation dynamics.
FAQ
- What is Angola’s current YoY inflation rate?
- As of February 2026, Angola’s annual inflation rate stands at 13.35%, down from 14.56% in January.[1]
- How does the recent inflation trend impact Angola’s economy?
- The steady decline in inflation eases pressure on households and supports macroeconomic stability, though the rate remains above the central bank’s target.
- What are the main drivers behind Angola’s inflation rate changes?
- Food, transport, and housing costs have been the primary contributors to recent disinflation, with food prices exerting the largest downward pressure.
Angola’s inflation rate is now at its lowest in over a year, signaling progress but leaving room for further improvement.
Updated 3/9/26
This has been drafted with AI assistance and then thoroughly reviewed, refined, and approved by our human editorial team to ensure accuracy, and originality.
- Sigmanomics database, Angola Inflation Rate YoY, official CPI releases, accessed March 2026.
February’s 13.35% inflation rate marks a sharp drop from January’s 14.56% and sits well below the 12-month average of 16.98%. The headline figure has now declined for seven consecutive months, with the pace of disinflation accelerating since December 2025.
Compared to October’s 18.24%, the current reading reflects a 4.89 percentage point improvement. The trend signals a decisive break from the double-digit inflation that dominated much of 2025.