18.12% in Beira’s 1st half

Annual average inflation rose to 11.7 percent in July, its highest for four years.As the price of products and services again rises across the country, life is becoming increasingly difficult. Families who have already cut their costs will have to cut further, and the management of family budget will have to be even more careful.Data from the National Statistics Institute (INE) reveals the details. The price of cooking oil rose 7 percent in July; rice, 2.2 percent; onions are 5.5 percent more expensive and horse mackerel is up by 4.7 percent. Neither does the drama end there. The price of corn flour and dried fish increased by 1.3 percent and 4.8 percent respectively.From January to July of this year, the city of Beira, in Sofala, registered the highest increase at 18.12 percent, followed by Nampula with 12.17 percent and Maputo with 8.42 percent.Up until July 2015, average annual inflation was 2.23 percent, 9.47 percent less if compared to the same period this year. In the same period of 2014, prices had only risen by 3.39 percent.