Year-on-year inflation in Mozambique was 12.1% in August, the highest in the last four years and eleven months, the National Statistics Institute (INE) announced last week.
Year-on-year inflation in July had been 11.77 percent and rose 33 basis points in August (still at a slower pace than the 96 basis points from June to July), according to the new Consumer Price Index (CPI) bulletin.
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You have to go back to August 2017 to find a higher figure: at the time inflation was 14.13%, in the wake of the shock caused by the hidden debts scandal.
The rise since the start of the year is in line with the global inflationary climate caused by the war in Ukraine and rising fuel prices.
The food, non-alcoholic beverages and transport divisions again contributed the most to the rise in prices in Mozambique.
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 cumulative terms since the beginning of the year, inflation in Mozambique for 2022 now stands at 7.62 percent.