Mozambique’s July inflation slows to 16.17 percent y/y

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Mozambique’s July inflation slows to 16.17 percent y/y

12:54 CAT | 10 Aug 2018

Mozambique’s National Institute of Statistics (INE) has said the country’s annual consumer inflation slowed to 16.17 percent in July from 18.1 percent in June.The agency said in a statement to APA on Thursday that data was collected in the cities of Maputo, Beira and Nampula.

‘The country recorded a decrease of general price level of around 0.18% driven by drops in food and non-alcoholic beverages which was the biggest fall in prices, having contributed with negative 0.43 percentage points” read the statement.

The document added that drops were also registered in prices of tomato 12.4 percent, fresh fish, chilled or frozen 3.8 percent, coconut 9.5 percent, onion 4.9 percent, frozen chicken 1.5% percent, sweet potato 13.4 percent and cabbage 6.7 percent.

Source: APA