The annual inflation rate in Mozambique climbed for the second month to 9.31% in May of 2022, from 7.90% in the previous month. It was the highest reading since September of 2017, amid soaring prices of transport (13.65% vs 12.43% in April); food & non-alcoholic beverages (13.51% vs 10.25%) and restaurants & hotels (8.32% vs 8.66%). Additional upward pressure came from costs of housing & utilities (5.97% vs 5.02%); health (6.41% vs 6.03%); furnishings (4.59% vs 3.78%) and recreation & culture (3.05% vs 1.99%). On a monthly basis, consumer prices inched up by 1%, after a 1.13% increase in the previous month. source: Instituto Nacional De Estatistica, Mozambique
Inflation Rate in Mozambique averaged 7.14 percent from 2009 until 2022, 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 June of 2022.
Inflation Rate in Mozambique is expected to be 10.00 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 8.00 percent in 2023 and 6.80 percent in 2024, according to our econometric models.