Mozambique Inflation Rate Up to 4.79% in April

In Mozambique, the inflation rate rose for the fourth month in a row to 4.79 percent, as a result of higher food and education prices.

On the year-on-year basis, the inflation rate rose to 4.79 percent from 4.27 percent recorded in March. Education prices noted the highest increase and climbed 9.89 percent, the same rate noted in the previous month. Prices for food and non-alcoholic beverages rose 6.62 percent, from 6.24 percent in March. 

Year-on-year, Maputo recorded the highest inflation rate (5.06 percent from 4.31 percent in March), followed by Nampula (4.97 percent from 4.02 in March) and Beira (3.51 percent from 4.67 percent in the previous month). 
On the month-over-month basis, the inflation rate slowed in April to 0.25 percent, from 0.30 percent in the previous month. Prices of housing, water, electricity, gas and other fuels together with prices for furnishings, household equipment and routine maintenance were the main contributors to the expansion. Food and non-alcoholic beverages accounted negatively, as well as recreation and culture prices. 
Considering the first four months of 2013 together, from January to April, prices rose by 3.08 percent. Food and non-alcoholic beverages contributed to 2.04 percent. Coconuts, butter beans, tomatoes and corn flour, together with charcoal accounted for 1.70 percent.

Joana Taborda |
5/3/2013 1:19:13 PM