27 January 2014

Mozambique: Inflation Rate of 3.54 Per Cent in 2013

Maputo — The final figure for Mozambican inflation in 2013, as measured by the consumer price indices for the three largest cities (Maputo, Nampula and Beira), was 3.54 per cent, the National Statistics Institute (INE) announced on 9 January.

This was well within the government's target for inflation over the year, which was that it should be no higher than seven per cent.

Inflation in December was 0.57 per cent. Most of the price rises for the month were for foodstuffs. Thus the price of tomatoes rose by 9.8 per cent, coconut by 5.2 per cent, cassava flour by 3.5 per cent, potatoes by 4.4 per cent, butter beans by 2.4 per cent, and frozen fish by 1.1 per cent. The price of charcoal, which is still a major fuel in Mozambican cities, rose by 1.3 per cent.

Although 2013 inflation was relatively low, it was higher than the figure of 2.02 per cent registered in 2012.

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