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Mozambique Annual Inflation Hits 5.1%

Mozambique Annual Inflation Hits 5.1%

Inflation in Mozambique was 1.34% in February, according to the National Statistics Institute (INE), drawing on the consumer price indices for the three largest cities (Maputo, Nampula and Beira).

This brings inflation since the start of the year to 2.54%. Annual inflation (from 1 March 2020 to 28 February 2021) was 5.1%. This is the highest annual inflation rate since December 2017.

The main prices rises in February were for lettuce (27.2%), tomatoes (25.5%), charcoal (19.8%), cabbage (9%), coconuts (8%), groundnuts (3.8%), and butter beans (3.3%).

Some foodstuffs fell in price – notably lemons (by 30.6%), live chickens (2.3%), and fresh fish (1.6%).

Of the three cities, Beira had the highest inflation (1.8%) followed by Maputo (1.7%), while in Nampula, prices only rose by 33% over the month.

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