Maputo, 12 Oct (AIM) – In September, the average level of prices in Mozambique rose by 0.34 per cent, according to the latest figures released by the National Statistics Institute (INE).
This rise in inflation came after five months of deflation, in which prices had gradually fallen (as usually happens in the middle of the year, after the main harvest has come in).
In August, prices had fallen by 0.12 per cent, and in July by 0.34 per cent.
Inflation over the first nine months of the year stands at 2.44 per cent. The annual rate of inflation in September (1 October 2022 to 30 September 2023) was 4.63 per cent.
This is a decline from 5.67 per cent in July, 6.81 per cent in June, 8.23 per cent in May and 9.61 per cent in April.
The products which rose notably in price in September included unprocessed maize (9.2 per cent), dried fish (2.3 per cent) fresh fish (1.25 per cent), and unprocessed rice (1.4 per cent).
Some prices, however, fell over the month. These included cabbage (whose price fell by 9.9 per cent), tomatoes (3.6 per cent), lettuce (3.2 per cent), cassava flour (1.4 per cent), onions (1.4 per cent), and vegetable oil (0.6 per cent).
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).
The August inflation occurred in all of these cities, except for Inhambane, where there was a price fall of 0.16 per cent. The sharpest average price rise was in Xai-Xai (0.76 per cent), followed by Quelimane (0.67 per cent), Nampula (0.66 per cent), and Tete (0.43 per cent).
(AIM)
Pf/ (280)
