- Prices in Mozambique rose by 0.48% in October, while year-on-year inflation remained broadly stable at 6.32%, below the Government’s forecast for 2026, according to data from the National Statistics Institute (INE).
Prices in Mozambique increased by 0.48% in October, while year-on-year inflation remained broadly stable at 6.32%, below the Government’s forecast for 2026, according to data released on Monday by the National Statistics Institute (INE).
According to the Consumer Price Index (CPI) for October, the country recorded an acceleration in monthly inflation following the 0.16% increase observed in September, which had interrupted two consecutive months of deflation.
he divisions of Food and non-alcoholic beverages, Restaurants, hotels, cafés and similar establishments, and Transport made the largest contributions to the rise in prices, with positive impacts of approximately 0.29, 0.08 and 0.05 percentage points, respectively
Among the products that contributed most to the increase in prices in October were fresh fish, which rose by 2.8%, onions (5.7%), second-hand light motor vehicles (5.4%), lettuce (9.8%), tomatoes (1.6%), horse mackerel (1.4%) and full meals in restaurants (0.9%). Together, these products contributed approximately 0.25 percentage points to the monthly increase.
In the opposite direction, some products, particularly charcoal, helped offset the upward trend in prices, reducing monthly inflation by approximately 0.03 percentage points, according to the INE.
The October Consumer Price Index also shows that accumulated inflation since January increased to 5.50%, compared with 4.99% recorded up to September, while year-on-year inflation edged up from 6.31% to 6.32%, remaining below the Government’s forecast for 2026, which stands at around 7%.
According to the INE, Transport and Food and non-alcoholic beverages continue to be the divisions exerting the greatest pressure on prices. They contributed 2.14 and 1.85 percentage points, respectively, to accumulated inflation, while their year-on-year price increases reached 15.06% and 8.56%.
Between January and October, the largest contributions to accumulated inflation came from diesel, semi-collective urban and suburban passenger transport services, fresh fish, petrol, taxi services, onions and cabbage, which together accounted for approximately 2.93 percentage points of accumulated inflation.
Prices in Mozambique increased by 3.23% over the whole of 2025, according to previous data from the INE, while accumulated inflation in 2024 stood at 4.15%, below the 5.3% recorded in 2023 and the peak of almost 13% reached in July 2022.
The Bank of Mozambique kept its Monetary Policy Rate (MIMO) unchanged at 9.25% at the end of September, continuing to forecast that inflation will remain in single digits over the medium term, despite the effects of the fuel crisis triggered by the conflict in the Middle East.
