The annual inflation rate in Mozambique picked up to 7.22% in May 2026, accelerating from 4.41% in the prior month and marking the steepest rise since May 2023. The increase was mainly driven by a fuel shock following April supply disruptions linked to geopolitical tensions in the Middle East, which triggered sharp adjustments in diesel and gasoline prices in May. This resulted in a strong rebound in transportation prices (12.61% vs -0.72%), underpinned by higher fuel costs (12.50% vs -4.28%) and transportation services (14.24% vs 0.12%). This appears to have propagated through the economy, contributing to broader price acceleration across categories, including food & non-alcoholic beverages (12.93% vs 10.24%); alcoholic beverages & tobacco (4.55% vs 2.92%) and housing & utilities (2.87% vs 2.41%). Monthly, the CPI climbed by 2.32% in May, the steepest increase since February 2019, after a 0.63% rise in the prior month, mainly on account of prices of transportation and food. source: Instituto Nacional De Estatistica, Mozambique

Inflation Rate in Mozambique increased to 7.22 percent in May from 4.41 percent in April of 2026. Inflation Rate in Mozambique averaged 6.84 percent from 2009 until 2026, 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 June of 2026.

Inflation Rate in Mozambique increased to 7.22 percent in May from 4.41 percent in April of 2026. Inflation Rate in Mozambique is expected to be 7.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Mozambique Inflation Rate is projected to trend around 3.00 percent in 2027 and 3.40 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-05-08 12:40 PM
Inflation Rate YoY
Apr 4.41% 3.4% 3.7%
2026-06-10 12:20 PM
Inflation Rate YoY
May 7.22% 4.41% 4.7%
2026-07-09 08:00 AM
Inflation Rate YoY
Jun 7.22% 7.4%


Related Last Previous Unit Reference
Consumer Price Index CPI 114.80 112.20 points May 2026
CPI Housing Utilities 105.03 104.76 points May 2026
CPI Transportation 112.89 100.04 points May 2026
Food Inflation 12.93 10.24 percent May 2026
Inflation Rate YoY 7.22 4.41 percent May 2026
Inflation Rate MoM 2.32 0.63 percent May 2026


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.
Actual Previous Highest Lowest Dates Unit Frequency
7.22 4.41 26.35 1.05 2009 - 2026 percent Monthly
2023=100

News Stream
Mozambique Inflation Rate Hits 2023-Peak
The annual inflation rate in Mozambique picked up to 7.22% in May 2026, accelerating from 4.41% in the prior month and marking the steepest rise since May 2023. The increase was mainly driven by a fuel shock following April supply disruptions linked to geopolitical tensions in the Middle East, which triggered sharp adjustments in diesel and gasoline prices in May. This resulted in a strong rebound in transportation prices (12.61% vs -0.72%), underpinned by higher fuel costs (12.50% vs -4.28%) and transportation services (14.24% vs 0.12%). This appears to have propagated through the economy, contributing to broader price acceleration across categories, including food & non-alcoholic beverages (12.93% vs 10.24%); alcoholic beverages & tobacco (4.55% vs 2.92%) and housing & utilities (2.87% vs 2.41%). Monthly, the CPI climbed by 2.32% in May, the steepest increase since February 2019, after a 0.63% rise in the prior month, mainly on account of prices of transportation and food.
2026-06-10
Mozambique Inflation Rate Quickens to 6-Month High
The annual inflation rate in Mozambique accelerated for the third consecutive month, reaching a six-month high of 4.41% in April 2026. The increase was attributed to severe flooding in recent months and fuel supply constraints in several parts of the country, which caused shortages and disrupted the distribution of essential goods. Price pressures were most pronounced in food & non-alcoholic beverages (10.24% vs 6.20% in March); clothing & footwear (5.23% vs 4.68%); restaurants & hotels (4.58% vs 5.30%) and recreation & culture (3.96% vs 3.48%). On a monthly basis, the CPI rose by 0.63%, after a 0.22% increase in the month before.
2026-05-11
Mozambique Inflation Rate Up to 4-Month High of 3.4%
The annual inflation rate in Mozambique rose for the second month to 3.37% in March 2026 from 3.20% in the prior month. This marked the highest reading since last November, amid lingering effects of flooding that disrupted supply chains. Prices increased faster primarily for food & non-alcoholic beverages (6.20% vs 5.83% in February); alcoholic beverages & tobacco (3.08% vs 2.97%) and restaurants & hotels (5.30% vs 4.95%). At the same time, prices remained elevated for clothing & footwear (4.68% vs 4.80%). By contrast, transportation costs continued to fall, though at a slower pace (-0.87% vs -1.52%). On a monthly basis, the CPI rose by 0.22%, after a 0.68% increase in the previous month.
2026-04-14