The annual inflation rate in Mozambique fell slightly to 3.04% in January 2026, the lowest since November 2024, from 3.23% in December, marking the fourth consecutive month of slowing price growth. Prices slowed down for some CPI items, notably food & non-alcoholic beverages (5.72% vs 6.64% in December); alcoholic beverages & tobacco (2.68% vs 3.51%); furnishings & household equipment (1.32% vs 3.27%) and health (2.72% vs 3.44%). Additionally, transportation costs continued to decrease (-1.72% vs -1.60%). On a monthly basis, the CPI rose by 1.26% in January, after a 0.49% increase in the prior month. source: Instituto Nacional De Estatistica, Mozambique

Inflation Rate in Mozambique decreased to 3.04 percent in January from 3.23 percent in December of 2025. Inflation Rate in Mozambique averaged 6.88 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 February of 2026.

Inflation Rate in Mozambique decreased to 3.04 percent in January from 3.23 percent in December of 2025. Inflation Rate in Mozambique is expected to be 2.80 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 3.20 percent in 2027 and 3.70 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-01-09 12:00 PM
Inflation Rate YoY
Dec 3.23% 4.38% 4.6%
2026-02-10 09:40 AM
Inflation Rate YoY
Jan 3.04% 3.23% 3.5%
2026-03-10 08:00 AM
Inflation Rate YoY
Feb 3.04% 3.2%


Related Last Previous Unit Reference
Consumer Price Index CPI 110.51 109.14 points Jan 2026
CPI Housing Utilities 104.01 102.63 points Jan 2026
CPI Transportation 99.51 99.54 points Jan 2026
Food Inflation 5.72 6.64 percent Jan 2026
Inflation Rate YoY 3.04 3.23 percent Jan 2026
Inflation Rate MoM 1.26 0.49 percent Jan 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
3.04 3.23 26.35 1.05 2009 - 2026 percent Monthly
2023=100

News Stream
Mozambique Inflation Rate Slows to Over 1-Year Low
The annual inflation rate in Mozambique fell slightly to 3.04% in January 2026, the lowest since November 2024, from 3.23% in December, marking the fourth consecutive month of slowing price growth. Prices slowed down for some CPI items, notably food & non-alcoholic beverages (5.72% vs 6.64% in December); alcoholic beverages & tobacco (2.68% vs 3.51%); furnishings & household equipment (1.32% vs 3.27%) and health (2.72% vs 3.44%). Additionally, transportation costs continued to decrease (-1.72% vs -1.60%). On a monthly basis, the CPI rose by 1.26% in January, after a 0.49% increase in the prior month.
2026-02-11
Mozambique Inflation Rate Softens to 4-Month Low
The annual inflation rate in Mozambique eased for the second month to 4.38% in November 2025, the softest in four months, down from 4.83% in October. Prices slowed down mostly for food & non-alcoholic beverages (9.52% vs 11.52% in October); health (2.59% vs 4.89%); furnishings & household equipment (3.62% vs 3.94%); and recreation & culture (4.34% vs 4.72%). Moreover, prices continued to decrease for transportation (-1.59% vs -1.70%). On a monthly basis, the CPI rose by 0.29% in November, slowing from a 0.47% increase in the prior month.
2025-12-10
Mozambique Inflation Rate Slows Slightly in October
The annual inflation rate in Mozambique was at 4.83% in October 2025, easing slightly from a near two-year high of 4.93% in the prior month. Prices slowed a bit for some categories, primarily food & non-alcoholic beverages (10.41% vs 10.85% in September) and restaurants & hotels (7.29% vs 9.01%), reflecting the impact of the VAT exemption on basic products such as sugar and cooking oil. On a monthly basis, consumer prices inched up by 0.47%, after a 0.29% increase in the prior month. The food and non-alcoholic beverages division contributed the most to the rise, with tomato (+12%), dried fish (+3%), dried shrimp (+16.8%), horse mackerel (+1%), firewood (+7.6%), and lemon (+48.1%) leading the increases.
2025-11-13