The annual inflation rate in Mozambique rose for the seventh straight month to 5.76 percent in March of 2021, its highest level since November of 2017. Currently facing a military and humanitarian crisis in the northern regions of the country, as well as the constraints caused by the global pandemic, Mozambique is battling a continuous escalation in cost of food and non-alcoholic beverages (12.65 percent vs 11.51 percent in February). Additional upward pressure came from for housing & utilities (6.05 percent vs 5.46 percent) and for clothing & footwear (3.61 percent cs 3.26 percent). On a monthly basis, inflation eased to 0.86 percent, following an increase of 1.34 percent in the previous month. source: Instituto Nacional De Estatistica, Mozambique
Inflation Rate in Mozambique averaged 7.20 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 April of 2021.
Inflation Rate in Mozambique is expected to be 6.00 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 3.60 in 12 months time. In the long-term, the Mozambique Inflation Rate is projected to trend around 4.50 percent in 2022 and 3.80 percent in 2023, according to our econometric models.