The annual inflation rate in Mozambique fell to 3.27 percent in April 2019 from 3.41 percent in the prior month, reaching its lowest level since May 2018. Prices slowed mostly for transport (5.12% vs 6.42% in March) and restaurants & hotels (3.73% vs 5.66%). In addition, inflation softened for clothing & footwear (4.14% vs 4.44%); health (6.02% vs 6.39%); recreation & culture (0.01% vs 0.17%) and miscellaneous goods & services (1.49% vs 2.88%). In contrast, cost continued to advance for food & non-alcoholic beverages (2.98% vs 1.91%) and housing & utilities (4.18% vs 3.22%), of which electricity, gas and others (8.90% vs 5.16%), still reflecting disruptions caused by the Cyclone Idai. On a monthly basis, consumer prices went up 0.29 percent, easing from a 0.67 percent rise in the prior month. Inflation Rate in Mozambique averaged 7.96 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 4.00 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 6.40 in 12 months time. In the long-term, the Mozambique Inflation Rate is projected to trend around 5.50 percent in 2020, according to our econometric models.