Mozambique: Government, creditors to talk again at IMF Spring Meetings
Average prices fell in Mozambique in May, according to the latest information from the National Statistics Institute (INE), citing the consumer price indices for the three largest cities (Maputo, Beira and Nampula).
Inflation turned into deflation in May, with an overall price fall of 0.5 per cent. The main goods which contributed to the decline in prices were tomatoes (a fall of 14.2 per cent), lettuce (15.9 per cent), groundnuts (7.6 per cent), butter beans (7.5 per cent), charcoal (4.9 per cent), and petrol (2.1 per cent).
Other prices rose, but not by enough to cancel out the price falls. The main price rises in May were for urban and suburban bus fares (5.5 per cent), bread (4.7 per cent) and restaurant meals (1.4 per cent).
Inflation for the five months from January to May now stands at 5.09 per cent. Among the main items contributing to the price rises were bread, fish, beer, charcoal and petrol (the May price fall for fuel did not compensate for the rises earlier in the year).
The annual inflation (1 June 2016 to 31 May 2017) was 20.45 per cent.
Of the three cities, Beira experienced the sharpest price fall in May (1.24 per cent), followed by Maputo (0.15 per cent), and finally Nampula (0.08 per cent).Source: AIM