Inflation rate of Mozambique sank by 20.39% from 19.2 % in 2016 to 15.3 % in 2017. Since the 4.59% increase in 2015, inflation rate rocketed by 540.34% in 2017.
The description is composed by our digital data assistant.Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used. Data for inflation are averages for the year, not end-of-period data.