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Mozambique’s inflation surge exposes cracks in central bank’s easing bet

Street vendors in Maputo, Mozambique. Photo by Farah Nabil @Unsplash
Street vendors in Maputo, Mozambique. Photo by Farah Nabil @Unsplash

Justice Nwafor

Justice Nwafor is an award-winning journalist covering finance, energy, climate, and economic development across the region.
  • Annual inflation hits 7.51%, the highest since May 2023
  • Central bank warns of a possible return to double digits

 

MAPUTO, MOZAMBIQUE – Mozambique’s annual inflation rose to 7.51% in June, its highest level since May 2023, as transport and housing costs offset falling food prices.

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