Mozambique Inflation Rate Hits 2023-Peak

2026-06-10 15:24 By Luisa Carvalho 1 min. read

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.



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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.
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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.
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