Mozambique’s annual inflation rate surged to 4.74% in February 2025, the highest since November 2023, influenced by rising prices of food, health, and hospitality services, with a monthly increase of 0.52%.

In February 2025, Mozambique experienced a significant rise in its annual inflation rate, which reached 4.74%. This figure marks the highest level seen since November 2023. The acceleration in inflation has been attributed primarily to increases in the costs of food and non-alcoholic beverages, with a rate of 11.89% compared to 12.04% in January 2025. Additionally, other contributing sectors included restaurants, hotels, and cafes at 6.20%, health services at 4.02%, and alcoholic beverages and tobacco at 3.72%. Month-over-month, consumer prices increased by 0.52%.

The inflation rate in Mozambique has escalated to its highest level in over a year, driven largely by rising costs in essential sectors such as food and health. This trend indicates sustained inflationary pressures that may impact the economy and consumer behavior moving forward.

Original Source: www.tradingview.com