The annual inflation rate in Mozambique rose for the fifth straight month to 4.09% in January of 2021, reaching its highest level since November of 2018. Prices continued to rise primarily for food & non-alcoholic beverages (9.14% vs 8.03% in December), amid persistent food shortages due to the COVID-19 pandemic as well as recent natural disasters and violence in the country’s gas-rich north. Additional upward pressure came from costs of alcoholic beverages & tobacco (8.47% vs 5.63%); clothing & footwear (3.67% vs 3.07%); housing & utilities (1.04% vs 0.10%); furnishings (4% vs 3.09%) and recreation & culture (1.48% vs -1.73%). On a monthly basis, consumer prices went up 1.18%, slowing from a 1.52% increase in the previous month. source: Instituto Nacional De Estatistica, Mozambique
Inflation Rate in Mozambique averaged 7.22 percent from 2009 until 2021, 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 February of 2021.
Inflation Rate in Mozambique is expected to be 3.40 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 4.50 percent in 2022, according to our econometric models.