Mozambique Inflation Rate Slows in April


Mozambican annual inflation rate decelerated to 2.87 percent in April of 2014, from 3.0 percent in the previous month. It is the lowest rate in fifteen months.

Year-on-year, the highest upward pressures came from prices of food and non-alcoholic beverages, education (5.85 percent) and housing, water, electricity, gas and other fuels (5.02 percent).  

On a monthly basis, the inflation rate slowed sharply to 0.12 percent in April from 0.91 percent in March, mainly due to a fall in prices of alcoholic beverages, clothing, footwear and furnishing. In contrast, prices of food and non-alcoholic beverages rose 0.27 percent and cost for housing, water, electricity, gas and other fuels advanced 0.2 percent.

Consumer prices slowed in Maputo to 0.63 percent (from 1.54 percent in March) and fell in Beira (-0.9 percent from 0.06) and Nampula (-0.17 percent from 0.38).

Isabel Felino | isabel.felino@tradingeconomics.com
5/13/2014 1:39:31 PM