The rate of inflation in Mozambique in February, as measured by the
consumer price indices for the three largest cities (Maputo, Nampula and
Beira), was 0.39 per cent, the National Statistics Institute (INE) announced on
Friday.This is a decline on the January inflation rate which was 0.98 percent,
and it is a much lower rate than in February 2013, when prices rose by 1.16 per
cent. Most of the significant February price rises were for foodstuffs. The
rises which had most impact on the consumer price index were for tomatoes (15.4
per cent), cabbage (12.4 per cent), lettuce (14.2 per cent), and coconuts (2.7
per cent). Between them these four products pushed the overall level of prices
up by 0.47 per cent. Tomatoes alone were responsible for pushing the consumer
price index up by 0.32 per cent.On the other hand, several key foods fell in
price – the price of cassava flour declined by 6.7 per cent, while potatoes and
onions were 4.4 per cent and 1.5 per cent cheaper respectively.The accumulated
inflation so far this year is 1.37 per cent. At the same time in 2013, it was
2.52 per cent.Comparing prices this February with prices in February 2013, the
increase has been 2.38 per cent. The average 12 monthly inflation rate
over the past year was 4.14 per cent – down from 4.29 per cent in January.There
were significant differences in the inflation rate between the three cities. Maputo saw the sharpest price rises in February, of 0.66
per cent, while in Beira
and Nampula price rises were minimal. In Nampula the consumer price index rose
by 0.13 per cent, and in Beira
by 0.11 per cent. But when the entire past year is taken into
consideration, Nampula had the highest inflation rate of the three cities, at
3.43 per cent, followed by Maputo
with 2.26 per cent. In Beira ,
however, prices only rose by 0.63 per cent
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