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INE: 12-Month Inflation in Mozambique Up to 4.75% in October

INE: 12-Month Inflation in Mozambique Up to 4.75% in October

Twelve-month inflation in Mozambique reversed the decline of recent months and accelerated in October to 4.75%, according to data released today, Monday (13), by the National Statistics Institute (INE).

The information indicates that Mozambique “recorded a rise in the general price level of around 4.75%”, influenced by the various goods and services and education divisions, with a rise in prices of 17%, 10% and 14.12% respectively, compared to the same period last year, INE said.

According to the agency’s record, 12-month inflation in Mozambique had fallen again in September, to 4.63%, the sixth consecutive month of year-on-year inflation reduction, and 0.30 percentage points less than in August, falling at that time to lows reached in January 2021.

Overall, according to INE data, prices have risen by 2.75% since the beginning of 2023, and average monthly inflation over the last 12 months has fallen to 8.07%.

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