Inflation in Mozambique
Mozambique - InflationPreliminary GDP data revealed that economic activity remained relatively subdued in Q2, albeit was slightly stronger than at the outset of the year. Annual growth inched up from 3.2% in Q1 to 3.4% in Q2, largely on the back of higher activity in the mining and agricultural sectors. The external position, however, deteriorated in Q2 as the current account deficit almost doubled from the same period a year earlier due to a widening trade deficit. Additionally, FDI inflows more than halved on an annual basis given lower investment in extractive industries. Meanwhile, survey data suggests a soft start to Q3 as business confidence weakened in July from Q2, reflecting firms’ more downbeat sentiment over employment conditions ahead.
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||61.13||0.48 %||Oct 12|
|Stock Market||0.2||0.0 %||Oct 11|
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