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INE: Mozambique’s 12-Month Inflation Rate Accelerated to 3.26% in April

INE: Mozambique’s 12-Month Inflation Rate Accelerated to 3.26% in April

Mozambique recorded year-on-year inflation of 3.26 per cent in April, compared to the same month in 2023, a slight increase on the 12-month accumulated figure in March, according to data from the National Statistics Institute (INE).

INE data on the Consumer Price Index (CPI), consulted today by Lusa, indicates that Mozambique ‘recorded a rise in the general price level of around 3.26 per cent’ over 12 months, compared to April 2023, and that the divisions of Education, Restaurants, hotels, cafés and similar, and Food and non-alcoholic beverages ‘were the ones with the highest price rises, varying by 10.53 per cent, 5.63 per cent and 5.28 per cent, respectively’.

Year-on-year inflation in March (12 months) was 3.03%, in February 4%, in January 4.19% and in December 5.3%.

The CPI report adds that the country saw prices rise by 0.37 per cent in the space of a month, compared to 0.03 per cent in March, 0.47 per cent in February, 0.93 per cent in January and 1.29 per cent in December.

‘The Food and non-alcoholic beverages division stood out, contributing around 0.30 percentage points to the total monthly change [in April],’ the report said.

Mozambique ended 2023 with 12-month year-on-year inflation of 5.30 per cent and a one-year average of 7.1 per cent, according to previous INE data, when the official government forecast was 7 per cent.

The Mozambican government announced in February that the country would see economic growth of 5 per cent in 2023 compared to 4.4 per cent in 2022, highlighting an ‘economic expansion’ that exceeded the regional average of the South African Development Community (SADC).




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