Inflation in Mozambique
Mozambique - InflationIncoming data paints a mixed picture for Q3, following relatively mild growth in Q2. Economic activity soared in August on the back of surging turnover in the commerce sector, which will likely bring Q3’s average above that of Q2. However, this came at odds with survey-based data, which showed business confidence tumbling for the fifth consecutive month in September due to firms’ weaker expectations of hiring activity ahead. Meanwhile, on 6 November the government reached a tentative restructuring deal with most holders of its USD 727 million Eurobond, which will extend maturities and secure a portion of future gas revenues. If approved by parliament and two-thirds of creditors, the deal is set to provide significant cash flow relief.
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||61.63||0.48 %||Dec 11|
|Stock Market||0.1||0.0 %||Dec 11|
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