Mozambique
Mozambique

Mozambique experienced deflation for a third consecutive month in June, said the National Statistics Institute (INE) on Tuesday.

Mozambique The INE figures show that the consumer price indices for the country’s three main cities, Maputo, Nampula and Beira, decline in prices of 0.46 percent in June, which follows price falls of 1.05 percent in May and of 0.98 percent in April.

Food prices are the determinant factor in the recent deflation. In June the price of tomatoes fell by 6.9 per cent, of coconuts by 7.8 per cent, of cabbage by 5.5 per cent, of maize flour by 1.8 per cent, and of dried fish by 1.5 per cent.

Inflation rate was 1.84 percent in January — the highest of the first three months of the year.
The accumulated inflation for the first half of the year is 0. 93 percent, clearly falling behind of the 1.49 percent and 2.26 percent in the same period of 2014 and 2013 separately.

The trend is reviewed same as in recent previous years, with prices rise in the first few months and the end of the year, while fall in the middle of the year. Enditem

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