The annual inflation rate in Mozambique edged down to 2.02 percent in August 2019, its lowest since July 2015, from 2.16 percent in the prior month. Prices slowed for food & non-alcoholic beverages (3.23 percent vs 3.24 percent in July); transport (0.16 percent vs 1.02 percent); housing & utilities (1.94 percent vs 3.05 percent); clothing & footwear (3.28 percent vs 3.34 percent); education (4.38 percent vs 4.39 percent) and health (4.33 percent vs 6.78 percent). Moreover, cost decreased for furnishings (-0.25 percent vs -0.51 percent) and communication (-0.63 percent vs -0.75 percent). On a monthly basis, consumer prices went up 0.11 percent, after decreasing 0.31 percent in the previous month. Inflation Rate in Mozambique averaged 7.78 percent from 2009 until 2019, 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.
Inflation Rate in Mozambique is expected to be 1.90 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 1.70 in 12 months time. In the long-term, the Mozambique Inflation Rate is projected to trend around 1.80 percent in 2020, according to our econometric models.