The annual inflation rate in Mozambique rose to 3.20% in October of 2020 from 2.98% in the prior month, reaching its highest level since April. Main upward pressure came from prices of food & non-alcoholic beverages (8.10% vs 7.94% in September); alcoholic beverages & tobacco (5.63% vs 5.54%); clothing & footwear (2.74% vs 2.34%); furnishings (2.19% vs 1.71%) and restaurants & hotels (3.01% vs 2.27%). On a monthly basis, consumer prices inched up 0.53%, following a 0.32% increase in the previous month. source: Instituto Nacional De Estatistica, Mozambique
Inflation Rate in Mozambique averaged 7.30 percent from 2009 until 2020, reaching an all time high of 26.35 percent in November of 2016 and a record low of 1.05 percent in November of 2009. This page provides - Mozambique Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Mozambique Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on November of 2020.
Inflation Rate in Mozambique is expected to be 3.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Mozambique to stand at 4.00 in 12 months time. In the long-term, the Mozambique Inflation Rate is projected to trend around 4.00 percent in 2021 and 4.50 percent in 2022, according to our econometric models.