Inflation in Mozambique
Mozambique - InflationRecently-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
|Inflation Rate (CPI, annual variation in %)||4.3||2.6||3.6||19.9||15.1|
5 years of economic forecasts for more than 30 economic indicators.
Mozambique Inflation Chart
Source: National Institute Statistics
|Exchange Rate||62.75||0.48 %||Mar 20|
|Stock Market||0.1||0.0 %||Mar 20|
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