The annual inflation rate in Mozambique rose for the seventh straight month to 5.76 percent in March of 2021, its highest level since November of 2017. Currently facing a military and humanitarian crisis in the northern regions of the country, as well as the constraints caused by the global pandemic, Mozambique is battling a continuous escalation in cost of food and non-alcoholic beverages (12.65 percent vs 11.51 percent in February). Additional upward pressure came from for housing & utilities (6.05 percent vs 5.46 percent) and for clothing & footwear (3.61 percent cs 3.26 percent). On a monthly basis, inflation eased to 0.86 percent, following an increase of 1.34 percent in the previous month. source: Instituto Nacional De Estatistica, Mozambique

Inflation Rate in Mozambique averaged 7.20 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 April of 2021.

Inflation Rate in Mozambique is expected to be 6.00 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 3.60 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.

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Mozambique Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
5.76 5.10 26.35 1.05 2009 - 2021 percent Monthly
2016=100


Calendar GMT Actual Previous Consensus TEForecast
2021-01-08 02:00 PM Dec 3.5% 3.3% 3.5%
2021-02-10 02:30 PM Jan 4.1% 3.5% 3.7%
2021-03-10 07:30 AM Feb 5.1% 4.09% 4.4%
2021-04-09 10:30 AM Mar 5.76% 5.1% 5.5%
2021-05-11 10:30 AM Apr 5.76%
2021-06-10 10:30 AM May
2021-07-09 11:30 AM Jun
2021-08-09 08:00 AM Jul


News Stream
Mozambique Inflation Rate at Over 3-Year High
The annual inflation rate in Mozambique rose for the seventh straight month to 5.76 percent in March of 2021, its highest level since November of 2017. Currently facing a military and humanitarian crisis in the northern regions of the country, as well as the constraints caused by the global pandemic, Mozambique is battling a continuous escalation in cost of food and non-alcoholic beverages (12.65 percent vs 11.51 percent in February). Additional upward pressure came from for housing & utilities (6.05 percent vs 5.46 percent) and for clothing & footwear (3.61 percent cs 3.26 percent). On a monthly basis, inflation eased to 0.86 percent, following an increase of 1.34 percent in the previous month.
2021-04-09
Mozambique February Inflation Rate Hits Over 3-Year High
The annual inflation rate in Mozambique rose for the sixth straight month to 5.10% in February of 2021, reaching its highest level since December of 2017. Food prices continued to skyrocket (11.51% vs 9.14% in January), amid persistent food shortages due to the COVID-19 pandemic, as well as recent natural disasters and violence in northern parts of the country. Additional upward pressure came mostly from costs of alcoholic beverages & tobacco (7.73% vs 8.47%) and housing & utilities (5.46% vs 1.04%). On a monthly basis, consumer prices inched up 1.34%, after increasing 1.18% in the previous month.
2021-03-10
Mozambique January Inflation Rate at Over 2-Year High
The annual inflation rate in Mozambique rose for the fifth straight month to 4.09% in January of 2021, reaching its highest level since November of 2018. Prices continued to rise primarily for food & non-alcoholic beverages (9.14% vs 8.03% in December), amid persistent food shortages due to the COVID-19 pandemic as well as recent natural disasters and violence in the country’s gas-rich north. Additional upward pressure came from costs of alcoholic beverages & tobacco (8.47% vs 5.63%); clothing & footwear (3.67% vs 3.07%); housing & utilities (1.04% vs 0.10%); furnishings (4% vs 3.09%) and recreation & culture (1.48% vs -1.73%). On a monthly basis, consumer prices went up 1.18%, slowing from a 1.52% increase in the previous month.
2021-02-10
Mozambique December Inflation at 10-Month High
The annual inflation rate in Mozambique rose for the fourth straight month to 3.52% in December of 2020, its highest level since February. Main upward pressure came from prices of food & non-alcoholic beverages (8.03% vs 8.18% in November), as escalating violence and increased insecurity in Mozambique’s three northernmost provinces, Cabo Delgado, Niassa and Nampula, are disrupting agricultural activities and causing acute food shortages. Costs also advanced faster for alcoholic beverages & tobacco (5.63% vs 5.57%); restaurants, hotels and cafes (4.27% vs 2.77%); furnishings (3.09% vs 2.47%) and clothing & footwear (3.07% vs 3.14%). On a monthly basis, consumer prices were up 1.52%, the most since January of 2017, after increasing 0.66% in the previous month.
2021-01-08

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.