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Mozambique: Prices accelerated in November
1:58 CAT | 12 Dec 2024
File photo: Lusa
Prices in Mozambique rose by 0.72% in November, producing year-on-year inflation of 2.84%, higher than in October, according to data released today by the National Statistics Institute (INE).
The INE’s Consumer Price Index (CPI) indicates that Mozambique “registered a price increase of around 0.72%” compared to October, in which, as in previous months, food and non-alcoholic beverages stood out, “contributing to the total monthly variation with around 0.64 positive percentage points”.
This is the third consecutive monthly increase, after the CPI recorded four months of deflation: 0.11% in August, 0.05% in July, 0.21% in June and 0.38% in May.
Year-on-year inflation, which compares with the same month in 2023, was 2.84% in November, while in October it was 2.68% and in September, 2.45%.
“The food and non-alcoholic beverages and restaurants, hotels, cafes and similar divisions were those that saw the biggest [year-on-year] price increases, varying by around 7.36% and 4.10% respectively,” the INE report reads.
Mozambique closed 2023 with annual inflation of 5.3%, below the peak of almost 13% seen in July, 2022.
Source: Lusa
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