Mozambican Inflation Rate Down to 4.34% In August

In August of 2013, Mozambique’s annual inflation rate slowed for the third month in a row to 4.34 percent, from 4.58 percent in July, as the recovery in domestic production of fruits and vegetables keeps pushing food prices down.

Year-on-year, cost of education increased 9.59 percent and contributed the most to annual inflation rate. Nampula recorded the highest inflation rate (5.35 percent), followed by Maputo (4.49 percent) and Beira (1.71 percent). 

From July to August, the inflation rate declined 0.25 percent, mainly due to a drop in food prices. Cost of tomatoes went down by 8.7 percent; cabbage by 7.8 percent; onions by 4.9 percent; coconut by 1.4 percent; chicken by 1.8 percent and corn flour by 0.6 percent. 

Month-over-month, the inflation declined by 0.5 percent and 0.15 percent in Maputo and Beira, respectively, while in Nampula prices increased 0.06 percent. 

Considering the first eight months of 2013 together, from January to August, prices rose 1.76 percent.

Mozambican Inflation Rate Down to 4.34% In August

Joana Taborda |
9/9/2013 1:01:29 PM