Inflation Mozambique 2021
Average inflation: 6.4%
Current Inflation
Inflation is very high at 6.4%, far above the ECB target.
Peak and Trough
The highest inflation was in November at 7.2%. The lowest inflation was in January at 4.6%.
- Highest month
- November: 7.2%
- Lowest month
- January: 4.6%
- Difference
- 2.6 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Food with an average of 11.4%. The lowest price increase was in Energy with an average of 5.3%.
- Highest increase
- Food: 11.4%
- Lowest increase
- Energy: 5.3%
Historical Context
Current inflation is around the 5-year average of 6.4%.
- 5-year average
- 6.4%
- 10-year average
- 6.3%
- All-time high (2016)
- 17.4%
- All-time low (2014)
- 2.6%
Trend
Inflation shows an upward trend. Compared to 2020, inflation has risen by +2.9 percentage point.
- Change vs. previous year
- +2.9 percentage points
- Largest monthly swing
- June: +4.0 percentage points
ECB Target
Inflation is 4.4% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this high inflation rate, purchasing power rapidly decreases. This has a major impact on households, especially without adequate salary increases.
What you could buy for €100 this year will cost approximately €106.40 next year at this inflation rate.
Multi-year trend
Monthly figures 2021
Month overview
| Month | Inflation | Difference vs. 2020 |
|---|---|---|
| January | 4.6% | +0.4 |
| February | 6.0% | +1.9 |
| March | 6.8% | +3.3 |
| April | 6.5% | +3.3 |
| May | 6.3% | +3.3 |
| June | 6.5% | +4.0 |
| July | 6.2% | +3.5 |
| August | 6.1% | +3.0 |
| September | 6.5% | +3.0 |
| October | 6.8% | +2.9 |
| November | 7.2% | +3.1 |
| December | 7.2% | +3.0 |
| Average | 6.4% |
Data source
Data from WorldBank. Last updated: 06/01/2026.