The Governor of the National Bank of Angola (BNA) this week emphasised the need to strengthen the domestic production of goods and services, particularly food, as the main challenge for 2026, aiming to continue the trajectory of slowing inflation, which ended 2025 at 15.7%.
Manuel Tiago Dias spoke to the press about the evolution of the inflation rate in 2025 and the factors behind its slowdown, noting that the commissioning of several industrial units throughout this year should contribute to increasing the supply of essential consumer goods in the national market.
Year-on-year inflation in Angola stood at 15.70% in December 2025, representing a decrease of 11.8 percentage points compared to the same month in 2024, when the rate was 27.50%, according to data released by the National Institute of Statistics (INE).
According to the National Consumer Price Index (IPCN) report, inflation also slowed compared to the previous month, falling 0.86 percentage points from November 2025, when it stood at 16.56%.
The BNA Governor noted that factors contributing to the reduction in inflation included exchange rate stability, increased supply of goods in the economy, and control of payment instruments, particularly in local currency, throughout 2025.
“And to top it all off, we had an increase in our international reserves, which places us in a favorable position to continue our efforts to reduce inflation in our economy and, in doing so, also contribute to the recovery of the population’s purchasing power,” said Manuel Tiago Dias, cited by Angolan public radio.
Regarding exchange rate stability, the Governor highlighted that 2025 saw “an almost unchanged exchange rate,” a result, among other factors, of the substantial increase in foreign currency supply in the exchange market.
He explained that between January and November 2025, commercial banks acquired about 8.8 billion dollars from oil, diamond, and other clients, a figure higher than the approximately 7 billion dollars recorded in the same period of 2024.
Source: Mercado & Finanças
