The annual inflation rate in Mozambique fell to 2.4 percent in May 2019 from 3.3 percent in the prior month. reaching its lowest level since April 2018. Prices rose at a slower pace mainly for food & non-alcoholic beverages (2.5 percent vs 3 percent in April); transport (1.6 percent vs 5.1 percent); restaurants & hotels (3.6 percent vs 3.7 percent) and housing & utilities (2.9 percent vs 4.2 percent). On a monthly basis, consumer prices dropped 0.3 percent, after increasing 0.3 percent in the previous month. Inflation Rate in Mozambique averaged 7.92 percent from 2009 until 2019, 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 4.00 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 6.40 in 12 months time. In the long-term, the Mozambique Inflation Rate is projected to trend around 5.50 percent in 2020, according to our econometric models.