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Inflation at 12 months in Mozambique accelerates in April to 3.26%, reveals INE
Mozambique recorded a year-on-year inflation rate of 3.26% in April, compared to the same month in 2023, a slight increase compared to the 12-month cumulative rate in March, according to data from the National Institute of Statistics (INE).
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Economia INE
Data from the National Institute of Statistics (INE) in the Consumer Price Index (CPI), consulted today by Lusa, indicate that Mozambique "recorded an increase in the general price level of 3.26%," in 12 months, compared to April 2023, and that the divisions of Education, Restaurants, hotels, cafes and the like, and Food and non-alcoholic beverages "were the ones that had the highest price increases, varying by 10.53%, 5.63% and 5.28%, respectively".
The year-on-year inflation in March (12 months) was 3.03%, in February 4%, in January 4.19% and in December 5.3%.
The CPI report adds that the country registered a price increase of 0.37% in the space of one month, against 0.03% in March, 0.47% in February, 0.93% in January and 1.29% in December.
"The division of Food and non-alcoholic beverages stood out, contributing to the total monthly variation [in April], with around 0.30 positive percentage points," the report states.
Mozambique closed the year 2023 with a year-on-year inflation, at 12 months, of 5.30% and an average of 7.1% in one year, according to previous data from the INE, when the official government forecast was 7%.
The Mozambican government announced in February that the country registered an economic growth of 5% in 2023 compared to 4.4% in 2022, highlighting an "economic expansion" that exceeded the regional average of the Southern African Development Community (SADC).
Read also: Consumer price index rises 0.3% in April in China (Portuguese version)
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