Mozambique: Mozambican Prices Virtually Unchanged in August

Maputo — Prices in Mozambique remained effectively stable in August, with a monthly inflation rate of only 0.06 per cent, as measured by the consumer price indices for the three largest cities (Maputo, Nampula and Beira).

According to the latest data from the National Statistics Institute (INE), published on Thursday, inflation for the first eight months of the year was just 0.45 per cent. Prices rose slightly between January and April, but May, June and July were months of deflation, in which the average level of prices fell.

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