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.

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Mozambique Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
3.20 2.98 26.35 1.05 2009 - 2020 percent Monthly
2016=100


Calendar GMT Actual Previous Consensus TEForecast
2020-08-11 08:00 AM Jul 2.8% 2.69% 2.5%
2020-09-09 10:00 AM Aug 2.75% 2.8% 2.8%
2020-10-09 03:15 PM Sep 2.98% 2.75% 2.6%
2020-11-09 09:45 AM Oct 3.2% 2.98% 3.1%
2020-12-10 10:00 AM Nov 3.2%
2021-01-11 09:50 AM Dec
2021-02-10 11:00 AM Jan
2021-03-10 01:00 PM Feb


News Stream
Mozambique October Inflation Rate at 6-Month High of 3.2%
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.
2020-11-11
Mozambique September Inflation Rate at 4-Month High
The annual inflation rate in Mozambique rose to 2.98% in September of 2020 from 2.75% in the prior month, reaching its highest level since May. Main upward pressure came from prices of food & non-alcoholic beverages (7.94% vs 7.52% in August); health (3.78% vs 3.76%); furnishings (1.71% vs 1.15%) and transportation (1.65% vs 1.05%). On a monthly basis, consumer prices went up 0.32%, following a 0.06% increase in the previous month.
2020-10-09
Mozambique August Inflation Rate Drops to 2.75%
The annual inflation rate in Mozambique eased slightly to 2.75% in August of 2020 from 2.80% in the prior month. Prices slowed mostly for restaurants, hotels & cafes (2.27% vs 2.74% in July); clothing & footwear (2.58% vs 2.66% in July) and health (3.76% vs 3.89%). In addition, cost continued to decrease for education (-10.22%, the same pace as in July); housing & utilities (-0.39% vs -0.50%); communications (-0.31% vs -0.10%); recreation & culture (-3.37% vs -2.36%) and miscellaneous goods & services (-0.79% vs -0.62%). Meantime, inflation ticked up for food & non-alcoholic beverages (7.52% vs 7.40%) and transport (1.05% vs 1.01%). On a monthly basis, consumer prices went up 0.06%, following a 0.20% decrease in the previous month.
2020-09-11
Mozambique July Inflation Rate Ticks Up to 2.8%
The annual inflation rate in Mozambique rose to 2.80 percent in July of 2020 from 2.69 percent in the prior month. Main upward pressure came from prices of food & non-alcoholic beverages & tobacco (7.40 percent vs 6.59 percent in June) as the Covid-19 continued to impact negatively food access even after the relaxation in lockdown restrictions; alcoholic beverages & tobacco (5.21 percent vs 4.24 percent) and health (3.89 percent vs 3.51 percent). Meanwhile, inflation slowed for transport (1.01 percent vs 1.18 percent); clothing & footwear (2.66 percent vs 2.89 percent) and restaurants, hotels and cafes (2.74 percent vs 3.45 percent). Also, prices continued to fall primarily for education (-10.22, the same pace as in June) and housing & utilities (-0.50 percent vs -0.54 percent). On a monthly basis, consumer prices decreased 0.20 percent, following a 0.55 percent fall in the preceding month.
2020-08-11

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.