Inflation, consumer prices for Mozambique
FPCPITOTLZGMOZ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.08
Year-over-Year Change
56.72%
Date Range
1/1/2005 - 1/1/2024
Summary
The Inflation, consumer prices for Mozambique measures the change in the cost of a basket of consumer goods and services in Mozambique. This metric is crucial for policymakers and economists to monitor the country's economic health and guide monetary policy decisions.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Inflation, consumer prices for Mozambique is a key economic indicator that tracks the rate of change in the prices paid by consumers for a representative basket of goods and services. It serves as a measure of the overall cost of living and is used to assess the purchasing power of Mozambique's currency.
Methodology
The data is collected by Mozambique's National Institute of Statistics through surveys of consumer expenditures and prices.
Historical Context
Inflation data is closely monitored by the Central Bank of Mozambique to inform monetary policy and maintain price stability.
Key Facts
- Mozambique's inflation rate was 11.5% in 2021.
- The country's highest inflation rate in the past decade was 26.8% in 2016.
- Food and non-alcoholic beverages account for over 50% of the consumer price index in Mozambique.
FAQs
Q: What does this economic trend measure?
A: The Inflation, consumer prices for Mozambique measures the change in the overall cost of a basket of consumer goods and services in the country.
Q: Why is this trend relevant for users or analysts?
A: This inflation metric is crucial for policymakers, businesses, and consumers to understand the purchasing power of Mozambique's currency and guide economic decision-making.
Q: How is this data collected or calculated?
A: The data is collected by Mozambique's National Institute of Statistics through regular surveys of consumer expenditures and prices.
Q: How is this trend used in economic policy?
A: The Central Bank of Mozambique closely monitors the inflation rate to inform monetary policy decisions and maintain price stability in the country.
Q: Are there update delays or limitations?
A: The inflation data for Mozambique is published on a monthly basis, with a typical lag of 1-2 months.
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Citation
U.S. Federal Reserve, Inflation, consumer prices for Mozambique (FPCPITOTLZGMOZ), retrieved from FRED.