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Mozambique’s annual inflation rate eases to 0.65 percent

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Mozambique’s National Institute of Statistics (INE) said on Tuesday, 11 February 2020 that the country’s annualised consumer price inflation stood at 0.65 percent in January, down from 1.28 percent at the end of 2019.

In a statement, INE said the main drivers of the rise in inflation were hikes in the cost of vegetables, cooking oil and fish during the month of January.

This was, however, offset by declines in the prices of charcoal and telecommunication, the INE continued.

The consumer price index was measured by compared changes in prices of goods and services in the three main cities of Maputo, Nampula, and Beira.

– APA

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