Mozambique’s annual inflation rate accelerated to 4.9% in September 2025, the highest level since the start of the year, according to data released by the Bank of Mozambique (BdM) based on statistics from the National Institute of Statistics (INE).
This represents an increase from 4.7% in August, reinforcing the trend of rising prices observed in the third quarter of the year. Cumulative inflation from January to September stood at 1.9%, slightly higher than the 1.2% recorded over the same period in 2024.
On a monthly basis, the consumer price index (CPI) rose 0.29% in September, a slowdown compared to the 0.68% increase observed in August. The annual average reached 4.14%, confirming the persistence of inflationary pressures in the domestic market.
The city of Maputo, the country’s main urban and commercial center, recorded annual inflation of 3.85% in September, while the monthly price variation was 0.13%, higher than 0.01% in August. The annual average in the capital stood at 3.59%, slightly below the level of the same period last year.
Among the major cities monitored by INE, Chimoio registered the highest monthly increase at 1.21%, in contrast to Quelimane and Beira, which saw price decreases of 0.10% and 0.05%, respectively. Recent reports highlighted that inflation had already shown signs of acceleration in August, when the CPI rose 0.68% following months of consecutive deflation, contributing to the year-on-year increase in the following period and reflecting pressure in the food and non-alcoholic beverages sectors.
Furthermore, the Bank of Mozambique has been gradually reducing the monetary policy interest rate (MIMO) to 9.75%, a measure aimed at supporting price stability and economic activity, while keeping projected inflation at single-digit levels in the medium term.
Text: Felisberto Ruco
