Mozambique recorded deflation (price reduction) in April compared to the previous month, the National Statistics Institute (INE) announced.
The price basket used to calculate Mozambique’s Consumer Price Index (CPI) slid three basis points from March to April, i.e., a deflation of 0.03% was recorded.
“The ‘food and non-alcoholic beverages’ division was the most prominent, contributing about -0.25% to the total monthly change in prices,” says the CPI bulletin released yesterday.
The variation contributed for the year-on-year inflation to drop 57 basis points to 5.19%,
The figure breaks an upward trend in year-on-year inflation that had been seen since August 2020, when it stood at 2.75%.
“The average 12-month inflation in Mozambique continues to reflect this trend: it has been rising since March 2020 and grew by another 16 basis points, from 3.55% in the same month this year to 3.71% in April,” he stresses.
The accumulated inflation in the first three months of 2021 is 3.39%.
Mozambique ended 2020 with an accumulated inflation of 3.52%.
The cities of Maputo and Beira recorded price falls “in the order of 0.17% and 0.45% respectively,” while in Nampula there was “a price increase in the order of 0.58%,” the INE added.
The CPI figures are calculated from the price variations of a basket of goods and services, with data collected in the cities of Maputo, Beira and Nampula.
