Angola - Pricing Angola - Pricing
Over the past several years high inflation has resulted in significantly higher market prices. Even domestically produced and grown product prices continue to rise due to the high costs of production and imported inputs. However, the Angolan Central Bank has implemented monetary policy to reduce inflation. The result has been a steady decline in inflation from 23 percent in 2017 to an estimated 16.9 percent in 2019. Details on import taxes and duties are addressed in the section of this report on trade regulations and customs.
Despite high inflation, among those who can afford to be selective, there is a continuing and growing appreciation in Angola for quality products. Consumers are increasingly recognizing that inexpensive products from China and other African markets in the Angolan market both legally and illegally generally offer a lower quality than western brands.
Angola is an expensive market. For expatriates and business travelers it was ranked among the most expensive locations in the world, though a prolonged economic downturn and significant currency devaluations are bringing some locally priced product and service categories calculated in international currency more in line with western markets.