Mozambique’s annual inflation rate climbed to 7.51% in June, marking a worsening of price pressures compared to the previous month.
The National Institute of Statistics (INE) reported that the Consumer Price Index (CPI) rose by 0.2% on a month-on-month basis, reversing a slight decline seen in May.
14% in June, surpassing market forecasts and hitting a two-year high.
The acceleration in annual inflation was primarily driven by increases in the transport category, according to data cited by Lusa.
This sectoral pressure contributed to the broader uptick in the cost of living, signaling persistent underlying inflationary forces within the economy.
The rise in Mozambique’s headline inflation adds to a pattern of accelerating price pressures across parts of Africa.
In neighboring regions, Colombia saw its annual inflation rate jump to 6.14% in June, surpassing market forecasts and hitting a two-year high.