Inflation in Mozambique

Mozambique Inflation | Economic News & Forecasts

Mozambique - Inflation

Recently-released national accounts data revealed the economy lost some steam in the final quarter of 2018. Annual growth ticked down to 3.1% from an already soft 3.2% in Q3, bringing full-year growth to a paltry 3.3%—the lowest in nearly two decades. The fourth-quarter moderation was largely driven by cooling manufacturing activity and a contraction of the retail trade sector. On 7 March, U.S. authorities indicted Mozambique’s ex-finance minister Manuel Chang alongside seven other individuals over their alleged roles in the USD 2.0 billion hidden loans scandal that plunged the country into a debt crisis in 2016. The evolution of the case could have significant implications for the ruling Frelimo party ahead of the October general elections. In mid-March, a powerful cyclone struck Mozambique, which will generate enormous costs for the economy in the near term.

Mozambique - Inflation Data

2013  2014  2015  2016  2017  
Inflation Rate (CPI, annual variation in %)4.3  2.6  3.6  19.9  15.1  

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Mozambique Inflation Chart

Mozambique Inflation
Note: Inflation, annual variation of consumer price index (CPI) in % (aop).
Source: National Institute Statistics

Mozambique Facts

Exchange Rate62.750.48 %Mar 20
Stock Market0.10.0 %Mar 20

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