Inflation in Mozambique
Mozambique - InflationProspects for a robust bounce-back in activity after growth slowed to a near two-decade low in 2019 amid the devastation unleashed by cyclones Idai and Kenneth have been dashed due to the Covid-19 outbreak and associated containment measures. The government declared a state of emergency in late March for April, which has now been extended until 30 May, bringing all non-essential businesses to a halt, including the closure of mines. Thus, this will unavoidably lead to a collapse in activity in the second quarter, with ripple effects carrying over into the remainder of the year. In other news, on 8 May, Mozambique’s Constitutional Court ruled void two loans totaling more than USD 1.0 billion that were at the epicenter of the 2016 hidden debt scandal. This has further complicated the resolution of the debt issue given the lenders have sued arguing the government is liable for payment.
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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