Annual inflation in January was 4.19 per cent

Annual inflation in January was 4.19 per cent
Annual inflation in January was 4.19 per cent

Africa-Press – Mozambique. The annual rate of inflation in Mozambique, measured in January, was 4.19 per cent, according to the latest figures issued by the National Statistics Institute (INE).

This is substantial declined from December’s annual inflation rate of 7.31 per cent.

The monthly inflation rate in January was 0.93 per cent. Among the goods contributing to the January price rises were lettuce (up by 17.3 per cent), cabbage (10.3 per cent), brown sugar (9.7 per cent), dried fish (7.4 per cent), and vegetable oil (2.5 per cent).

But the prices of several goods fell during the month – notably lemons (down by 22 per cent), live chickens (2.1 per cent), fresh fish (0.9 per cent), women’s hairdressing services (2.1 per cent), and men’s trousers (1.8 per cent).

The INE uses the consumer price index from eight of the country’s main cities. These figures show that the highest inflation in January was in Quelimane (1.8 per cent), followed by Beira (one per cent), Chimoio (0.91 per cent), and Maputo (0.9 per cent).

The lowest price rises were in Tete (0.42 per cent), Xai-Xai (0.55 per cent), and Nampula (0.78 per cent)

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