Maputo, 14 Aug (AIM) – The average level of prices in Mozambique fell by 0.34 per cent in July, according to the latest figures released by the National Statistics Institute (INE).
July was the fourth consecutive month in which Mozambique experienced deflation rather than inflation. The INE’s price calculations are based on the consumer price indices from eight cities (Maputo, Beira, Nampula, Quelimane, Tete, Chimoio, Xai-Xai and Inhambane).
Inflation over the first seven months of the year stands at 2.22 per cent. The annual rate of inflation in July (1 August 2022 to 31 July 2023) was 5.67 per cent.
This is a decline from 6.81 per cent in June, 8.23 per cent in May and 9.61 per cent in April.
The products which fell notably in price in July included tomatoes (down by 10.8 per cent), cabbage (10.6 per cent), lettuce (8.6 per cent), onions (7.3 per cent), coconuts (5.6 per cent), and groundnuts (3.6 per cent).
Some prices, however, rose over the month. These included unprocessed maize (up by 13 per cent), dried fish (4.4 per cent), fresh fish (0.9 per cent), and wine (4.9 per cent).
The July deflation occurred in all the cities where the INE collects data. The sharpest price fall, of 0.75 per cent), was in Inhambane, followed by Chimoio (0.67 per cent), and Xai-Xai (0.46 per cent). In Maputo, Nampula and Quelimane, the price fall was 0.25 per cent.