The annual inflation rate in Mozambique fell to 2.69 percent in June of 2020 from 3.02 percent in the prior month. That was the softest inflation rate since last November, amid a slowdown in prices of food & non-alcoholic beverages (6.59 percent vs 7.23 percent in May); transport (1.18 percent vs 1.89 percent) and restaurants & hotels (3.45 percent vs 3.65 percent). At the same time, costs continued to fall for education (-10.22 percent, the same pace as in May); housing & utilities (-0.54 percent vs -1.14 percent); recreation & culture (-1.06 percent vs -1.01 percent) and miscellaneous goods & services (-0.82 percent vs -0.62 percent). On a monthly basis, consumer prices were down 0.55 percent, after falling 0.60 percent in the prior month.
Inflation Rate in Mozambique averaged 7.43 percent from 2009 until 2020, 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 July of 2020.
Inflation Rate in Mozambique is expected to be 3.50 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 3.80 in 12 months time. In the long-term, the Mozambique Inflation Rate is projected to trend around 4.50 percent in 2021 and 5.00 percent in 2022, according to our econometric models.