Mozambique: February inflation was 0.36 per cent – AIM report

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Mozambique: February inflation was 0.36 per cent – AIM report

8:11 CAT | 11 Mar 2020

Maquinino market, in Beira, central Mozambique. [File photo: DW]

Inflation in Mozambique remains low, with a monthly inflation rate in February of just 0.36 per cent, according to figures published on Tuesday by the National Statistics Institute (INE), and drawn from the consumer price indices of the three largest cities (Maputo, Nampula and Beira).

Inflation for the first two months of the year was one per cent, and yearly inflation (from 1 March 2019 to 29 February 2020) was 3.55 per cent. This is the highest yearly inflation rate since February 2019, when it was 3.72 per cent.

The main price rises in February were for rail passenger transport (up by 12.5 per cent), groundnuts (8.4 per cent), cabbage (10.2 per cent), butter beams (4.2 per cent), vegetable oil (4.4 per cent) and tomatoes (1.7 per cent).

These were compensated for, to some extent, by products whose prices fell over the month. Thus the price of fresh fish and of dried fish both fell by 1.5 per cent, chickens eggs by 4.2 per cent, and powdered detergent by 1.7 per cent.

Of the three cities, the highest inflation in February was in Maputo, where prices rose by 0.56 per cent. In Nampula the monthly inflation rate was 0.16 per cent, and in Beira, it was 0.1 per cent.

Source: AIM