Mozambique: Fell Slightly in July

Maputo — The average level of prices in Mozambican cities fell by 0.05 per cent in July, according to the latest figures released by the National Statistics Institute (INE).

This was the third consecutive month of deflation, rather than inflation.

Inflation from January to July was just 1.15 per cent, largely due to food price rises.

Annual inflation (from 1 August 2023 to 31 July 2024) was 2.97 per cent. This compares with 3.04 per cent in June, 3.07 per cent in May, and 3.26 per cent in…