Mozambique: Inflation remained low in August – INE

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Mozambique: Inflation remained low in August – INE

8:13 CAT | 11 Sep 2018

File photo: Lusa

Inflation was almost stationary in Mozambique in August, according to the latest figures issued by the National Statistics Institute (INE).

Calculated from the consumer price indices of the three largest cities (Maputo, Nampula and Beira), inflation in August was just 0.26 per cent.

The accumulated inflation, from January through to the end of August was 2.68 per cent, so that it is now a very real possibility that Mozambique could end the year with inflation of less than five per cent. Indeed, inflation from 1 September 2017 to 31 August 2018 was 5.02 per cent.

The largest price increases registered in August were for piped water (40.7 per cent), cassava flour (21.4 per cent), maize flour (7.4 per cent), fresh or frozen fish (4.1 per cent), dried fish (1.3 per cent), and petrol (2.3 per cent).

But these rises were compensated for in price falls for a variety of foodstuffs, notably cabbage (down by 7.9 per cent), onions (7.9 per cent), tomatoes (5.2 per cent), coconuts (five per cent), butter beans (2.4 per cent), and vegetable oil (0.9 per cent).

Inflation varied between the cities. In Nampula prices rose by 0.63 per cent, and in Maputo by 0.16 per cent. In Beira, inflation was barely perceptible, at 0.003 per cent.

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Source: AIM