Annual inflation hit 6.7% in 2021

Mozambique: Annual inflation hit 6.7% in 2021
Mozambique: Annual inflation hit 6.7% in 2021

Africa-Press – Mozambique. Mozambique ended 2021 with accumulated inflation of 6.74%, according to the Consumer Price Index bulletin of the Mozambican National Institute of Statistics (INE), consulted by Lusa on Tuesday.

The pace of price rises over the 12 months of last year was higher than in 2020, when inflation was only 3.52%.

The categories of food and non-alcoholic beverages, restaurants, hotels and cafes contributed most to the rise in prices last year, according to the latest INE bulletin.

Regarding government projections, the inflation just announced by INE stood above the 5% forecast for 2021, while the 2022 State Budget foresees inflation of 5.3%.

According to the most recent reports from the Bank of Mozambique, the main risks that could influence price rises in Mozambique are related to the impact of Covid-19 and increases in food and liquid fuel prices, along with constraints in the international goods supply chain.

The CPI values are calculated by INE from the price changes of a basket of goods and services, with data collected in the cities of Maputo, Beira and Nampula.

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