Inflation in Mozambique
Mozambique - InflationFollowing Q2’s accelerated growth, early data points to a deterioration in economic conditions in the third quarter. Business conditions worsened on average compared to Q2, largely weighed on by a marked deterioration in employment expectations, as well as falling confidence within the industrial sector, which more than offset improving sentiment within the trade sector. Turning to Q4, business conditions improved at a healthy pace at the outset of the quarter amid expanding output and new orders. This, coupled with falling numbers of new Covid-19 infections and a further easing of restrictions from 25 October, bodes well for activity in the final stretch of the year. Meanwhile, in mid-October the government presented its 2022 budget, worth around USD 6 billion. The plan rests on a growth forecast of 2.9% and sees the fiscal deficit at 14.0% of GDP.
Mozambique - Inflation Data
|Inflation Rate (CPI, annual variation in %)||3.6||19.9||15.1||3.9||2.8|
5 years of economic forecasts for more than 30 economic indicators.
Mozambique Inflation Chart
Source: National Institute Statistics
|Exchange Rate||62.43||0.48 %||Jan 01|
|Stock Market||0.1||0.0 %||Jan 06|
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