MOZAMBIQUE RECORDS 2,15 PCT INFLATION IN JANURARY 2017

Mozambique recorded an inflation rate in January of 2.15 per cent, according to the National Statistics Institute (INE), based on the consumer price indices from the country’s three largest cities — Maputo, Nampula and Beira.

This was much lower than inflation in January 2016, which was 4.78 per cent. Inflation over the past year (Feb 1, 2016 to Jan 31, 2017) was 20.56 per cent, a significant fall from the January-December 2016 rate of 23.67 per cent.

The most significant price increases for foodstuffs in January were for tomatoes (20 per cent), groundnuts (12.9 per cent), butter beans (7.8 per cent), and coconuts (17.6 per cent). The price of charcoal, still a major fuel in urban areas, rose by 13.1 per cent in the month.

A few significant foodstuffs fell very slightly in price — cooking oil (0.02 per cent), maize flour (0.01 per cent), and lemons (0.02 per cent).

The inflation rates varied between the three cities. Beira had the highest rate, at 2.97 per cent, followed by Nampula (2.92 per cent), and Maputo (1.46 per cent).

Source: NAM NEWS NETWORK