Annual Inflation rate in Mozambique decreased to 4.75 percent in October of 2018 from 4.89 percent in the previous month. Prices slowed for food & non-alcoholic beverages (1.44 percent from 1.50 percent in September); transport (13.82 percent from 14.40 percent); restaurants & hotels (7.03 percent from 7.14 percent); housing & utilities (4.45 percent from 5.06 percent) and communication (0.18 percent from 0.30 percent). On the other hand, cost rose faster for clothing & footwear (3.17 percent from 3.14 percent); recreation & culture (3.06 percent from 2.88 percent) and miscellaneous goods & services (3.76 percent from 3.64 percent). Meanwhile, prices continued to decline for furniture & household equipment (-0.52 percent from -0.93 percent) and inflation was steady for education (5.17 percent, the same as in September). On a monthly basis, consumer prices went up 0.07 percent, following a 0.11 percent rise in September. Inflation Rate in Mozambique averaged 8.19 percent from 2009 until 2018, 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 5.60 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 6.00 in 12 months time. In the long-term, the Mozambique Inflation Rate is projected to trend around 8.50 percent in 2020, according to our econometric models.