Mozambican Inflation Rate Up To 3.0% in March

The annual consumer prices in Mozambique accelerated for the first time in five months to 3.0 percent in March of 2014, from 2.38 percent recorded in February of 2014, as food and no alcoholic beverages costs edged up.

A year earlier, the inflation rate was recorded at 4.27 percent. In March of 2014, upward pressures came from cost of housing, electricity, gas and fuel (5.99 percent), followed by food and no alcoholic beverages (3.65 percent). 

On a month-on-month basis, the CPI increased by 0.91 percent, compared to a 0.39 percent rise in the previous month and 0.30 percent in the same month last year. Food and non-alcoholic beverages cost increased 1.78 percent mostly due to higher prices of tomato (13.8 percent), onion (12.3 percent), and coconut (8.4 percent).

Isabel Felino |
4/4/2014 3:19:45 PM