Mozambique posts accumulated inflation of 4.7 pct from January to November

7 December 2011

Maputo, Mozambique, 7 Dec – Mozambique’s consumer price index (CPI) posted a rise of 4.7 percent form January to November, the Mozambican National Statistics Institute (INE) said Tuesday in Maputo.

According to the head of the Price and Economic Climate Department, Perpétua Michangula, the category of “Food and non-Alcoholic Beverages,” contributed 1.78 percentage points to total accumulated inflation for this year.

“Fresh fish (refrigerated or frozen), charcoal, brown sugar, gasoline, public higher education, dried cassava and peanuts were the products whose price rises had the biggest impact on total accumulated inflation, by contributing 2.68 percentage points,” added Michangula.

Against last October, prices rose 0.53 percent in November, and year-on-year inflation (November 2011 against November 2010) was 8.6 percent. (macauhub)