Inflation in Mozambique stood at 1.52% in December

Published 2021년 1월 11일

Tridge summary

In December, Mozambique experienced a monthly inflation rate of 1.52%, with the Food and non-alcoholic drinks division driving the increase by 1.22%. Price increases were seen in tomatoes, coconut, live chicken, beer, meals in restaurants, frozen chicken, and kale, while gasoline, women's dresses, horse mackerel, lemon, diesel, chairs, and cigarettes saw price decreases. Despite some months in 2020 showing a decrease in inflation, the country still saw an annual increase of 3.52% with the food and non-alcoholic beverages division contributing the most to the overall price increase. The cities of Nampula, Beira, and Maputo also experienced varying rates of inflation, with Nampula having the highest accumulated increase at approximately 4.28%.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

MOZAMBIQUE registered, last December, a monthly inflation of 1.52%, according to the National Statistics Institute (INE), which took as a reference the data collected in the cities of Maputo, Beira and Nampula. “The prices of the Food and non-alcoholic drinks division varied by 3.79%. This division contributed to the total monthly inflation with around 1.22 percentage points (pp) positive ”, says INE in a press release. Analyzing the monthly variation by product, INE highlights the increase in prices for tomatoes (12.2%), coconut (32.2%), live chicken (15.3%), beer for consumption outside the home (3 , 8%), full meals in restaurants (1.3%), frozen chicken (6.1%) and kale (14.0%). "These were responsible for about 0.88 positive percentage points of the total monthly variation", he explains. However, some products with emphasis on gasoline (1.4%), women's dresses (6.4%), horse mackerel (0.8%), lemon (22.0%), diesel (1, %), chairs (2.1%) and cigarettes (1.2%), contradicted the upward ...

Source: Jornalnoticias