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Mozambique’s inflation hits a two-year high. What caused it?

A dock worker. Photo by Arda Kaykısız @Pexels
A dock worker. Photo by Arda Kaykısız @Pexels

Justice Nwafor

Justice Nwafor is an award-winning journalist covering finance, energy, climate, and economic development across the region.
  • Annual inflation jumped to 7.22% in May, the highest since May 2023
  • Fuel prices rose to 45.5%, driving transport and food costs sharply higher

 

MAPUTO, MOZAMBIQUE — Mozambique’s inflation has hit its highest level in two years, driven by a steep government-ordered fuel price adjustment that has cascaded swiftly through transport and food costs.

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