Current inflation Moçambique 4.2%
August 2024
Current Inflation
Inflation is high at 4.1%, well above the ECB target.
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.
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.
Last 12 months
5-year trend
Statistics
- This year (avg.)
- 4.1%
- Last year
- 7.2%
- 5-year average
- 4.1%
- All-time high (2016)
- 17.4%