You have to go back to August 2017 to find a higher figure: at the time, inflation was 14.13%. The rise that has taken place since the beginning of the year is in line with all forecasts and with the global inflationary climate caused by the war in Ukraine and rising fuel prices.
The food, non-alcoholic beverages and transport divisions were the biggest contributors to the price increase.
The CPI figures are calculated by INE from the price variations of a basket of goods and services, with data collected in the cities of Maputo, Beira and Nampula. In accumulated terms, since the beginning of the year, inflation for 2022 is now at 6.44%.
Usually there is a retreat of prices and even some deflation between May and July, due to the harvest period and abundance in the markets, but this year the monthly relief was minimal: the monthly inflation in May was 1% and in June was 0.83%.
