Mozambique can boost its global ease of doing business ranking. Find out how.
in file CoM
Average inflation in Mozambique in the 12 months to May recorded its first deceleration of the year, albeit a slight one, according to figures released on Monday by the National Statistics Institute (INE).
Average inflation was down 0.08 of a percentage point to 4.0% after having previously accelerated steadily from January to April, to 4.08% from 3.91%.
The rate is now at considerably lower levels than in the past, after a steady decline since May 2017, when it reached 22.33%.
Year-on-year inflation for the month of May was 2.42%, and the INE’s Consumer Price Index (CPI) actually fell in the month, by 0.31%.
Month-on-month increases in CPI were last year always lower than 1% and were also negative in June and July.
The CPI is calculated from the prices of a basket of goods and services, with data collected in the cities of Maputo, Beira and Nampula.
Accumulated inflation in the first five months of 2019 is 1.61%.
According to the Mozambican INE, accumulated annual inflation in 2018 was 3.52%, the same rate as year-on-year inflation in December.Source: Lusa
Over a billion Cahora Bassa shares sold