IMF wants to expand cooperation with Mozambique for economic stabilization
File photo: Lusa
Prices in Mozambique fell by 0.38% in April, influenced chiefly by the food sector, with year-on-year inflation falling to 3.99%, according to data from the National Statistics Institute (INE) consulted today by Lusa.
The Consumer Price Index (CPI) for April from the INE indicates that Mozambique “registered a fall in prices of around 0.38%” compared to March (a rise of 0.06%), in which the food and non-alcoholic beverages sector stood out, contributing to the total monthly variation with negative 0.54 percentage points.
This is the fifth fall in prices in Mozambique in the last year, and reverses a cycle of seven consecutive months of increases. The CPI recorded a fall in prices of 0.11% in August, 0.05% in July, 0.21% in June and 0.38% in May, 2024.
The INE also states that, when compared to 2024, the CPI indicates a year-on-year price increase in April of 3.99% (4.77% at the end of March), influenced mainly by the food and non-alcoholic beverages and restaurants, hotels, cafes and similar divisions, which increased in one year by 8.79% and 7.18%, respectively.
Accumulated inflation for 2024, according to previous data from the INE, stood at 4.15%, against 5.3% in 2023, but below the peak of almost 13% reached in July 2022.
The government expects Mozambique to close 2025 with inflation standing at around 7%.
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