Inflation in Mozambique slows to a 12-month low

Mozambique’s year-on-year inflation slowed in April to a 12-month low, according to the latest data released today by the National Statistics Institute (INE).

Inflation returned to single-digit figures, reaching 9.61% during April, 1.22 percentage points less than in March.

Some foods became cheaper, such as corn grain, cooking oil, coconut, lettuce, and chicken, as well as other products, such as motorcycles and televisions, INE pointed out in the Consumer Price Index (CPI) bulletin.

Adding up the monthly figures, the accounts for the year’s first four months closed with accumulated inflation of 3.58%.

The CPI bulletin collects data to calculate inflation in eight Mozambican cities: Maputo, Beira, Nampula, Quelimane, Tete, Chimoio, Xai-Xai, and Inhambane.

With information from Lusa

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