Mozambique: Fitch keeps country at 'Restricted Default' level
File photo / Lusa
The 12-month average inflation in Mozambique fell to 9.41 percent in April, according to data from the Mozambican National Statistics Institute (INE), analysed by Lusa.
It is the first time the figure has been in single digits since June 2016, having peaked at 22.33 percent in May 2017.
The 12-month average inflation follows the year-on-year changes in the purchasing power index, that is, the extent to which prices have changed in relation to the same month of the previous year, and is one of the most widely used measures at global level to monitor price developments.
The INE Consumer Price Index bulletin announces that Mozambique registered a year-on-year inflation of 2.33 percent in April 2018.
ALSO READ: Mozambique: Low inflation in April – INE
“Data collected in the cities of Maputo, Beira and Nampula throughout April indicate that the country registered an increase of 0.43 percent in the general price level in relation to the previous month”, with transport costs weighing heaviest in the increase.
Since the beginning of the year, accumulated inflation has been 2.17 percent.Source: Lusa
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