Mozambique Inflation Rate Reaches Highest Level Since November 2023

Mozambique’s annual inflation rate rose to 4.74% in February 2025, the highest since November 2023. Key contributors to this rise include food, hospitality, health, and tobacco sectors. Monthly consumer prices increased by 0.52%.

In Mozambique, the annual inflation rate surged to 4.74% in February 2025, marking the highest level since November 2023. This increase reflects a continuation of inflationary pressures for five consecutive months. The increase in inflation has been primarily driven by rising prices in various sectors such as food and non-alcoholic beverages, which saw a slight decline to 11.89%, and restaurants, hotels, and cafes, which jumped to 6.20%. Additionally, health expenses increased to 4.02%, while alcoholic beverages and tobacco rose to 3.72%. Overall, consumer prices experienced a monthly rise of 0.52%.

The inflation rate in Mozambique has reached its highest point in over a year, influenced by significant price increases in key sectors such as food, hospitality, and healthcare. This trend underscores the ongoing inflationary challenges faced by the country, as consumer prices continue to rise steadily.

Original Source: www.tradingview.com