- Food prices drive monthly inflation higher as transport costs surge.
- Weak growth and mounting debt threaten economic recovery.
MAPUTO, MOZAMBIQUE – Mozambique’s inflation rate barely moved in October, but stubbornly high transport costs and renewed food price increases threaten an economy struggling to regain momentum.
Consumer prices rose 6.32% year-on-year, compared with 6.31% in September, according to the National Institute of Statistics (INE). Monthly inflation, however, tripled to 0.48% from 0.16%, exposing persistent household pressures despite signs of broader price stability.
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