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Inflation in Mozambique in November at just 0.27%

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Nigeria inflation rate reportedly down to 11.22 percent in June 2019

Inflation in Mozambique in November was just 0.27 per cent, according to the National Institute of Statistics (INE).

An INE media statement said the latest figures were based on Consumer Price indices for the three largest cities of Maputo, Nampula and Beira.

“The breakdown of inflation by city shows that in November, Nampula had the highest inflation 0.62 percent, followed by Beira 0.52 percent while inflation in Maputo was negligible, at 0.01 percent.”

INE adds that compensating for these rises, however, were falls in the prices of cooking oil down by 1.9 percent, eggs 3.9 percent, cassava flour 8.6 percent, fresh prawns 9.9 percent, and dried fish 0.5 percent.

– APA

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