Mozambique’s inflation rate totals 3.54 pct in 2013

13 January 2014

Mozambique’s rate of inflation totalled 3.54 percent in 2013, measures by the consumer price index (CPI) in Maputo, Beira and Nampula, the country’s three main cities, the National Statistics Institute (INE) said recently in Maputo.

The rate is substantially lower than the 7 percent target set out in the macroeconomic scenario of the 2013 State Budget.

In year-on-year terms, prices rose by their highest amount at the beginning of 2013 – 1.35 percent – falling gradually to 0.25 percent in April a month in which the economy moved into a phase of slight deflation.

In the final quarter of the year prices rose once again, with rises of 0.24 percent in September and October, 0.69 percent in November and 0.57 percent in December. (macauhub)