The annual inflation rate in Mozambique rose to 5.52 percent in June of 2021 from 5.49 percent in the previous month. Main upward pressure came from prices of food & non-alcoholic beverages (10.50 percent vs 10.88 percent in May), amid severe food shortages as the ongoing conflict in the northern region of the country continues to disrupt agriculture output and most typical livelihood activities. Prices also rose faster for restaurants & hotels (5.90 percent vs 5.24 percent); furnishings (4.78 percent vs 4.40 percent); clothing & footwear (4.02 percent vs 3.77 percent) and miscellaneous goods & services (3.41 percent vs 2.81 percent). On a monthly basis, consumer prices went down 0.52 percent, after a 0.31 percent drop in the previous month. source: Instituto Nacional De Estatistica, Mozambique
Inflation Rate in Mozambique averaged 7.16 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 July of 2021.
Inflation Rate in Mozambique is expected to be 5.20 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 and 3.80 percent in 2023, according to our econometric models.