Maputo, 16 Mar (AIM) – The average level of prices in Mozambique’s urban areas rose by 0.52 per cent in February, according to the latest figures published by the National Statistics Institute (INE).
This brought the annual rate of inflation to 4.74 per cent.
According to the Bank of Mozambique, the annual inflation rate was 4.69 per cent in January. The January and February inflation rates are much higher than the rates of 2.84 per cent registered in November, 2.86 per cent in October and 2.45 per cent in September.
The accumulated Inflation for the first two months of the year was 1.98 per cent, accounted for mainly by rising food prices.
Among the goods with the most significant price rises in February were tomatoes (14.3 per cent), unmilled maize (6.4 per cent), fresh fish (2.2 per cent), and butter beans (2.3 per cent).
In some cases, prices declined over the month, notably for lemons (down by 24.7 per cent), potatoes (five per cent), and eggs (3.6 per cent).
The sharpest inflation over the month was in Inhambane (3.92 per cent), followed by Tete (3.49 per cent), and Xai-Xai (2.79 per cent). The cities with the lowest monthly inflation rates were Nampula (1.4 per cent), Beira (1.44 per cent), and Maputo (1.64 per cent).
(AIM)
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