Inflation Mozambique 2024
Average inflation: 4.1%
Current Inflation
Inflation is high at 4.1%, well above the ECB target.
Peak and Trough
The highest inflation was in January at 5.2%. The lowest inflation was in March at 3.4%.
- Highest month
- January: 5.2%
- Lowest month
- March: 3.4%
- Difference
- 1.8 percentage points
- Months with data
- 8 of 12
Category Insights
The highest price increase was in Food with an average of 9.0%. The lowest price increase was in Energy with an average of -1.0%.
- Highest increase
- Food: 9.0%
- Lowest increase
- Energy: -1.0%
Historical Context
Current inflation is 2.2% lower than the 5-year average of 6.3%.
- 5-year average
- 6.3%
- 10-year average
- 7.5%
- All-time high (2016)
- 17.4%
- All-time low (2014)
- 2.6%
Trend
Inflation shows a downward trend. Compared to 2023, inflation has fallen by +3.1 percentage point.
- Change vs. previous year
- -3.1 percentage points
- Largest monthly swing
- March: -7.4 percentage points
ECB Target
Inflation is 2.1% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this inflation rate, purchasing power noticeably decreases. Without a salary increase, you can buy less with the same money.
What you could buy for €100 this year will cost approximately €104.10 next year at this inflation rate.
Multi-year trend
Monthly figures 2024
Month overview
| Month | Inflation | Difference vs. 2023 |
|---|---|---|
| January | 5.2% | -4.6 |
| February | 4.7% | -5.6 |
| March | 3.4% | -7.4 |
| April | 3.5% | -6.1 |
| May | 3.5% | -4.7 |
| June | 3.9% | -2.9 |
| July | 4.2% | -1.5 |
| August | 4.2% | -0.7 |
| Average | 4.1% |
Data source
Data from WorldBank. Last updated: 06/01/2026.Not all months available yet.