Mozambique: Second Month of Falling Prices

Maputo — The overall level of prices in Mozambique fell in June by 0.55 per cent, according to the latest figures from the National Statistics Institute (INE), based on the consumer price indices for the country’s three largest cities (Maputo, Nampula and Beira).

This was the second consecutive month of deflation. In May, prices fell by 0.6 per cent. This is not particularly unusual. Deflation has often occurred in the Mozambican winter in previous years. The basic trend is for prices to rise in…

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