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.
Inflation Rate in Mozambique averaged 7.36 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 September of 2020.
Inflation Rate in Mozambique is expected to be 3.50 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 3.80 in 12 months time. In the long-term, the Mozambique Inflation Rate is projected to trend around 4.50 percent in 2021 and 5.00 percent in 2022, according to our econometric models.