10 July 2014

Mozambique: Prices Fall in June

Maputo — The National Statistics Institute (INE) announced on Thursday that the rate of inflation in Mozambique in June, as measured by the consumer price indices for the three largest cities (Maputo, Nampula and Beira), was negative, at minus 0.52 per cent. This follows a 0.38 per cent fall in May.

The drop in prices was particularly significant in food and non-alcoholic drinks, which went down by 0.49 per cent. The largest declines were for tomatoes (17.2 per cent), dried fish (4.2 per cent), coconuts (5.5 per cent), cabbage (10.5 per cent) and lettuce (8.1 per cent).

Accumulated inflation for the first half of this year was 1.49 per cent.

During the same period last year inflation was 2.75 per cent.

In June, Maputo was the city with the largest drop in prices with a 1.33 per cent fall. In Beira deflation was 0.18 per cent whilst in Nampula it was 0.48 per cent.

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