Mozambique Inflation Rate Decelerates in January


In January of 2014, Mozambican annual inflation rate slowed to 3.16 percent, from 3.54 percent in December. On a monthly basis, prices accelerated to 0.98 percent, the highest rate in eleven months, due to food cost.

Year-on-year, cost of housing, water, electricity, gas and other fuels recorded the highest increase (7.0 percent). The inflation in Nampula reached 4.21 percent, 3.05 percent in Maputo and 1.42 percent in Beira. 

From December to January, prices accelerated to 0.98 percent, higher than 0.57 percent in the previous period. The highest upward pressure came from food prices (0.84 percent), due to higher cost of cocoa (27.2 percent), tomatoes (13.5 percent), cabbages (19.7 percent), beans (3.9 percent), lettuce (18.9 percent) and onions (5.6 percent). 

Education cost rose 0.11 percent. Beira recorded the highest inflation rate (1.71 percent), followed by Maputo (1.14 percent) and Nampula (0.44 percent). 

Mozambique Inflation Rate Decelerates in January


Joana Taborda | joana.taborda@tradingeconomics.com
2/10/2014 12:38:55 PM