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The annual inflation rate in Angola continued to decelerate to reach 20.74% in May 2025, the lowest since December 2023, easing from 22.32% in the prior month. The stabilization of the kwanza has helped contain imported inflation, while elevated interest rates and improved availability of consumer goods have supported a sustained disinflationary trend since July 2024. On a monthly basis, consumer prices went up by 1.17% in May, marking the slowest increase since May 2023, after a 1.34% rise in the previous month. Price growth moderated for almost all CPI items, primarily alcoholic beverages & tobacco (1.28% vs 1.94% in April); clothing & footwear (1.24% vs 1.80%); hotels, cafes & restaurants (0.81% vs 1.65%); recreation & culture (0.84% vs 1.20%) and food & non-alcoholic beverages (1.25% vs 1.43%).