Mozambique’s inflation rises 1.7 pct in January

22 February 2006

Maputo, Mozambique, 22 Feb – Mozambique’s inflation rose 1.7 percent in January, against the previous month, due to a price increase of food and non-alcoholic beverages, Mozambique’s National Statistics Institute (INE) said Tuesday.

According to INE’s figures, the price of food and non-alcoholic beverages rose by almost 3 percent in the first month of the year, adding 1.5 percentage points to monthly inflation.

In relation to the same year-ago period, prices increased 11.52 percent, according to the official figures.

Once again the highest contribution came from food and non-alcoholic beverages, which represented almost 5.99 percentage points of the total.

In 2004, Mozambique’s inflation rate totaled 9.1 percent, while in 2005 it rose to 14 percent due to fuel price increases. The government had forecast yearly inflation of 8 percent for 2005.

The governor of the Bank of Mozambique, Adriano Maleiane, recently said controlling inflation was the central bank’s main task for 2006. (macauhub)