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. Inflation Rate in Mozambique averaged 7.87 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 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 6.00 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.