INE: Mozambique registers 0.19% inflation in August

INE: Mocambique regista inflação de 0,19% em Agosto

The National Statistics Institute (INE) said that the latest August data shows a 0.19% increase in products. The evaluation was based on the consumer price indexes of the three largest cities in the country (Maputo, Nampula and Beira).

This rise in average prices comes after four months of deflation, in April (0.03%), May (0.31%), June (0.52%) and July (0.24%).

Inflation in the first eight months of the year was 2.48% and annual inflation (9/1/2020 to 8/31/2021) was 5.61%. Among the goods that contributed most to inflation last month were lemons (up 19.7 %), frozen fish (4.1%), fresh fish (0.4%) and wine (3.6%).

This was offset by falling prices for some foods, such as cabbage (down 7.7%), cassava flour (7.7%), lettuce (2.8%), and chickens (1.1%).

Inflation varied among the three cities in August - it was 0.36% in Nampula, 0.15% in Maputo, and 0.02% in Beira.

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