Inflation in Mozambique
In the year to June 2026, consumer prices in Mozambique rose 7.5%, up from 7.2% a month earlier. Since January 2004 prices have risen 394.6%, which means MT100 then buys what MT494.58 buys now, so the same basket of goods costs 4.9 times what it did.
Cumulative & Yearly Inflation
Inflation in Mozambique by year
Inflation is the change in that year's average prices against the year before, which is the figure usually quoted. The last two columns take MT100 in January of that year and show what it is worth in June 2026, the most recent month on record. Only years measured in full are listed, so the year now running appears once it ends.
| Year | Inflation | MT100 is now | Cumulative inflation |
|---|---|---|---|
| 2010 | 12.4% | 293.51 | 193.5% |
| 2020 | 3.5% | 146.24 | 46.2% |
| 2024 | 4.1% | 112.28 | 12.3% |
| 2025 | 4.4% | 107.25 | 7.3% |
Every year from 2005 to 2025
| Year | Inflation | MT100 is now | Cumulative inflation |
|---|---|---|---|
| 2005 | 6.4% | 459.82 | 359.8% |
| 2006 | 13.2% | 412.36 | 312.4% |
| 2007 | 8.5% | 381.16 | 281.2% |
| 2008 | 14.5% | 336.36 | 236.4% |
| 2009 | 3.8% | 304.80 | 204.8% |
| 2010 | 12.4% | 293.51 | 193.5% |
| 2011 | 11.2% | 252.58 | 152.6% |
| 2012 | 2.6% | 240.29 | 140.3% |
| 2013 | 4.3% | 233.89 | 133.9% |
| 2014 | 2.6% | 226.72 | 126.7% |
| 2015 | 3.6% | 220.57 | 120.6% |
| 2016 | 17.4% | 197.93 | 97.9% |
| 2017 | 15.1% | 164.17 | 64.2% |
| 2018 | 3.9% | 158.10 | 58.1% |
| 2019 | 2.8% | 152.34 | 52.3% |
| 2020 | 3.5% | 146.24 | 46.2% |
| 2021 | 6.4% | 139.83 | 39.8% |
| 2022 | 10.3% | 129.73 | 29.7% |
| 2023 | 7.1% | 118.17 | 18.2% |
| 2024 | 4.1% | 112.28 | 12.3% |
| 2025 | 4.4% | 107.25 | 7.3% |
A short history of inflation in Mozambique
The Hidden Debts (2016)
Mozambican inflation reached 23.8% in the year to November 2016, and it was caused by a secret. Between 2013 and 2014 government officials had arranged more than two billion dollars of state-backed borrowing for three newly created companies, around a tenth of the country's annual output, and had not disclosed most of it. When the loans came to light in 2016 the International Monetary Fund and Mozambique's donors suspended support immediately.
The metical lost more than 40% of its value over the following months, and for an economy importing fuel and much of its food that moved prices directly; drought in the same period pushed food costs further. Mozambique defaulted on its foreign debt, and the episode remains one of the clearest illustrations that a currency's value rests on confidence in the government behind it.
Post-Covid Inflation (2021 to 2023)
In Mozambique, prices rose fastest in August 2022, at 13.0%. The causes of the post-Covid inflation were global in nature, beginning with the lockdowns: factories and ports closed and the shipping between them fell out of sequence, so goods took longer to make and longer to arrive. Governments had spent heavily supporting household incomes through those closures, so when restrictions lifted there was money waiting to be spent and not enough on the shelves to spend it on. Then in February 2022 Russia invaded Ukraine, disrupting two of the world's largest suppliers of wheat, fertiliser, oil and gas at once, and the cost of everything grown, heated or transported rose with them.
Because the causes were shared, so was the timing: most countries peaked within a few months of one another in late 2022. The major inflation events covers this episode and the others in more detail.
Common questions about inflation in Mozambique
What is the current inflation rate in Mozambique?
Prices in Mozambique rose 7.5% in the year to June 2026. That is up from 7.2% a month earlier.
What would MT100 in January 2004 be worth today?
MT100.00 in January 2004 has the same buying power as MT494.58 in June 2026, a rise of 394.6%.
What would MT100 in January 2010 be worth today?
MT100.00 in January 2010 has the same buying power as MT293.51 in June 2026, a rise of 193.5%.
What would MT100 in January 2020 be worth today?
MT100.00 in January 2020 has the same buying power as MT146.24 in June 2026, a rise of 46.2%.
How inflation in Mozambique is measured
The figures on this page come from the IMF's CPI dataset, with the original data from Mozambique's INE. The series is indexed so that a chosen base year equals 100, and the calculator works out the ratio between any two dates you pick.
The currency shown is the Mozambican metical (MT). Coverage runs from January 2004 to June 2026, and updates automatically as each new release is published. Figures for the most recent periods can be revised by the statistics office after first publication.
Use this data
Click the reference to select it.
Compare Inflation. “Inflation in Mozambique.” Figures for June 2026. https://compareinflation.com/inflation-in-mozambique/
Download the full series (CSV) — 270 months, January 2004 to June 2026, with the annual rate for each.