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.

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Mozambique Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
4.10 3.50 26.35 1.05 2009 - 2021 percent Monthly
2016=100


Calendar GMT Actual Previous Consensus TEForecast
2020-11-09 09:45 AM Oct 3.2% 2.98% 3.1%
2020-12-09 02:30 PM Nov 3.3% 3.2% 3.4%
2021-01-08 02:00 PM Dec 3.5% 3.3% 3.5%
2021-02-10 02:30 PM Jan 4.1% 3.5% 3.7%
2021-03-09 01:00 PM Feb 4.1%
2021-04-09 10:30 AM Mar
2021-05-11 10:30 AM Apr
2021-06-10 10:30 AM May


News Stream
Mozambique January Inflation Rate at Over 2-Year High
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.
2021-02-10
Mozambique December Inflation at 10-Month High
The annual inflation rate in Mozambique rose for the fourth straight month to 3.52% in December of 2020, its highest level since February. Main upward pressure came from prices of food & non-alcoholic beverages (8.03% vs 8.18% in November), as escalating violence and increased insecurity in Mozambique’s three northernmost provinces, Cabo Delgado, Niassa and Nampula, are disrupting agricultural activities and causing acute food shortages. Costs also advanced faster for alcoholic beverages & tobacco (5.63% vs 5.57%); restaurants, hotels and cafes (4.27% vs 2.77%); furnishings (3.09% vs 2.47%) and clothing & footwear (3.07% vs 3.14%). On a monthly basis, consumer prices were up 1.52%, the most since January of 2017, after increasing 0.66% in the previous month.
2021-01-08
Mozambique November Inflation Rate at 7-Month High of 3.3%
The annual inflation rate in Mozambique rose to 3.30% in November of 2020 from 3.20% in the prior month. It was the highest inflation rate since April, mainly pushed up by prices of food & non-alcoholic beverages (8.18% vs 8.10% in October) due to persistent food shortages even after border restrictions with South Africa were lifted. Additional upward pressure came from costs of clothing & footwear (3.14% vs 2.74%) and furnishings (2.47% vs 2.19%). On a monthly basis, consumer prices inched up 0.66%, the most since March 2019, following a 0.53% increase in the prior month. Prices rose mostly for food & non-alcoholic beverages (2.04% vs 0.86%).
2020-12-09
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 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.