Mozambique Inflation Rate Slows to 3.54% in December

In December of 2013, Mozambican annual inflation rate slowed to 3.54 percent, the lowest rate in eleven months. Inflation a year ago was recorded at 2.02 percent.

Year-on-year, food prices recorded the highest increase (1.71 percent), followed by housing, water, electricity and gas (0.94 percent) and clothing and footwear (0.26 percent). Downward pressures came from cost of recreation and culture (-0.08 percent), transport (0.05 percent) and restaurants and hotels (0.05 percent).

From November to December, prices eased to 0.57 percent, down from 0.69 percent in the previous period. Cost of food and non-alcoholic beverages contributed the most to the monthly CPI (0.51 percentage point). Beira recorded the highest monthly inflation (0.67) followed by Maputo (0.64 percent) and Nampula (0.43 percent).

Joana Taborda |
1/13/2014 2:04:39 PM