The annual inflation rate in Mozambique quickened to 3.50% in December 2019 from 2.58% in the prior month. It was the highest inflation rate since February, mainly due to heavy rains in the central and northern parts of the country, which destroyed several access roads and caused shortages of basic goods including food, fuel and medicines. As such, prices picked-up mostly for food & non-alcoholic beverages (7.99% vs 5.22% in November); health (7.47% vs 7.39%) and miscellaneous goods & services (2.77% vs 2.29%). Additional upward pressure came from alcoholic beverages & tobacco (3.89% vs 4.08%); housing & utilities (1.32% vs 1.15%); furnishings (0.46% vs -0.24%) and restaurants & hotels (3.92% vs 4.02%). In contrast, prices fell for transport (-0.12% vs -0.47%); recreation & culture (-1.74% vs -1.35%) and communications (-0.66%, the same pace as in November). On a monthly basis, consumer prices inched up 1.58%, after increasing 0.59% in the previous month. Inflation Rate in Mozambique averaged 7.62 percent from 2009 until 2019, 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.

Inflation Rate in Mozambique is expected to be 1.80 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 1.70 in 12 months time. In the long-term, the Mozambique Inflation Rate is projected to trend around 1.80 percent in 2020, according to our econometric models.

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Mozambique Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
3.50 2.58 26.35 1.05 2009 - 2019 percent Monthly
2016=100


Calendar GMT Actual Previous Consensus TEForecast
2019-10-09 12:30 PM Sep 2.01% 2.02% 1.9%
2019-11-11 10:30 AM Oct 2.25% 2.01% 1.8%
2019-12-09 03:20 PM Nov 2.58% 2.25% 2.1%
2020-01-10 09:50 AM Dec 3.50% 2.58% 2.7%
2020-02-10 11:00 AM Jan 3.50% 2.4%


News Stream
2019-12-10
Mozambique Inflation Rate at 7-Month High
The annual inflation rate in Mozambique quickened to 2.58 percent in November 2019 from 2.25 percent in the previous month. It was the highest inflation rate since April, as prices advanced faster for food & non-alcoholic beverages (5.22 percent vs 3.81 percent in October); alcoholic beverages & tobacco (4.08 percent vs 3.81 percent) and miscellaneous goods & services (2.29 percent vs 1.89 percent). On the other hand, inflation slowed for housing & utilities (1.15 percent vs 1.55 percent); restaurants & hotels (4.02 percent vs 4.26 percent); clothing & footwear (3.23 percent vs 3.61 percent) and health (7.39 percent vs 7.78 percent). Meantime, cost fell for transport (-0.47 percent vs -0.50 percent); recreation & culture (-1.35 percent vs -0.61 percent); communications (-0.66 percent vs -0.64 percent) and furnishings (-0.24 percent vs -0.15 percent). On a monthly basis, consumer prices inched up 0.59 percent, after increasing 0.31 percent in the prior month.

2019-11-13
Mozambique Inflation Rate at 4-Month High of 2.25%
The annual inflation rate in Mozambique rose to 2.25 percent in October 2019 from 2.01 percent in the previous month. It was the highest inflation rate since June, as prices advanced faster for food & non-alcoholic beverages (3.81 percent vs 3.30 percent in September); restaurants & hotels (4.26 percent vs 3.99 percent); health (7.78 percent vs 4.48 percent) and alcoholic beverages & tobacco (3.81 percent vs 2.84 percent). In contrast, cost fell for transport (-0.50 percent vs -0.88 percent); furnishings (-0.15 percent vs 0.02 percent); recreation & culture (-0.61 percent vs 0.04 percent) and communications (-0.64 percent vs -0.56 percent). On a monthly basis, consumer prices inched up 0.31 percent, after increasing 0.10 percent in the previous month.

2019-10-09
Mozambique Inflation Rate Steady at 4-Year Low of 2%
The annual inflation rate in Mozambique stood at 2.0 percent in September 2019, its lowest level since July 2015. Prices slowed for housing & utilities (1.76 percent vs 1.94 percent in August) while they fell for transport (-0.88 percent vs 0.16 percent). On the other hand, cost advanced faster for food & non-alcoholic beverages (3.30 percent vs 3.23 percent); restaurants & hotels (3.99 percent vs 3.40 percent); clothing & footwear (3.87 percent vs 3.28 percent); miscellaneous goods & services (2.18 percent vs 1.50 percent) and alcoholic beverages & tobacco (2.84 percent vs 2.15 percent). On a monthly basis, consumer prices edged up 0.1 percent, the same pace as in the previous month. Main upward pressure came from prices of dried fish (2.6 percent); complete meals at restaurants (0.6 percent); peanuts (7.3 percent); wine (3.4 percent); mackerel (1.2 percent); capulana (1.1 percent) and butter beans (2.1 percent).

2019-09-11
Mozambique Inflation Rate at Over 4-Year Low of 2.02%
The annual inflation rate in Mozambique edged down to 2.02 percent in August 2019, its lowest since July 2015, from 2.16 percent in the prior month. Prices slowed for food & non-alcoholic beverages (3.23 percent vs 3.24 percent in July); transport (0.16 percent vs 1.02 percent); housing & utilities (1.94 percent vs 3.05 percent); clothing & footwear (3.28 percent vs 3.34 percent); education (4.38 percent vs 4.39 percent) and health (4.33 percent vs 6.78 percent). Moreover, cost decreased for furnishings (-0.25 percent vs -0.51 percent) and communication (-0.63 percent vs -0.75 percent). On a monthly basis, consumer prices went up 0.11 percent, after decreasing 0.31 percent in the previous month.

2019-08-09
Mozambique Inflation Rate Hits 4-Year Low of 2.16%
The annual inflation rate in Mozambique fell further to 2.16 percent in July 2019 from 2.30 percent in the prior month, hitting its lowest level since July 2015. Prices rose at a softer pace mainly for food & non-alcoholic beverages (3.24 percent vs 3.30 percent in June); transport (1.02 percent vs 1.20 percent); clothing & footwear (3.34 percent vs 3.68 percent) and restaurants & hotels (2.69 percent vs 2.96 percent). Meantime, inflation was steady for housing & utilities (at 3.05 percent ) and education (at 4.39 percent). In addition, prices fell for furnishings (-0.51 percent vs -0.03 percent); communication (-0.75 percent vs -0.60 percent) and recreation & culture (-0.40 percent vs -1.27 percent). On a monthly basis, consumer prices went down 0.31 percent, after decreasing 0.2 percent in the previous month.

2019-07-08
Mozambique Inflation Rate at Over 1-Year Low
The annual inflation rate in Mozambique dropped to 2.3 percent in June 2019 from 2.4 percent in the prior month, hitting its lowest level since April 2018. On a monthly basis, consumer prices dropped 0.2 percent, after a 0.3 percent decrease in the prior month, mainly attributable to the seasonality of the supply of vegetables, including potatoes and other tubers.


Mozambique Inflation Rate
In Mozambique, the three main components of the consumer price index are: Food and Non-Alcoholic Beverages (30.3 percent of total weight); Transport (18.7 percent) and Restaurants and Hotels (12.9 percent). Others include: Housing and Utilities (7.8 percent); Clothing and Footwear (7.7 percent); Household Contents, Equipment and Maintenance (6.9 percent) and Communication (5.9 percent). Education, Miscellaneous Goods and Services, Recreation and Culture, Alcoholic Beverages and Tobacco and Health account for the remaining 9.9 percent of total weight.

Mozambique Prices Last Previous Highest Lowest Unit
Inflation Rate 3.50 2.58 26.35 1.05 percent [+]
Inflation Rate Mom 0.59 0.31 7.51 -3.43 percent [+]
Consumer Price Index CPI 125.27 123.69 125.27 18.30 points [+]
Producer Prices 236.40 248.00 248.60 90.80 points [+]
Producer Prices Change 8.80 8.40 59.80 -9.60 percent [+]
Food Inflation 8.00 5.20 40.33 -2.00 percent [+]
Cpi Housing Utilities 124.37 124.33 127.45 97.35 points [+]
CPI Transportation 129.33 129.33 130.09 95.28 points [+]