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After three months of successive falls, prices in Maputo are on the rise again, according to the National Statistics Institute (INE).
Food and other prices rose 0.04 percent in August compared to July. The housing, water, electricity, gas and other fuels sector played a major role, contributing approximately 0.11 percentage points (pp).
Worth noting are the increase in prices of electricity (21.3 percent), gasoline (1.0 percent), coconut (4.7 percent), perfumes (2.4 percent), gas oil (3.0 percent) and men’s pants (2.2 percent), contributing to the total monthly inflation of around 0.29 percentage points.
In terms of accumulated inflation per product, the highlight is the rise in the prices of bread, gasoline, complete meals in restaurants, charcoal, slaughtered chicken, beer and mobile phones, which together contributed 3.73 percentage points.
Regarding the balance sheet from January to August this year, the city of Maputo recorded an increase in the general price level of around 4.34 per cent. The restaurants, hotels and cafes sector, plus housing, water, electricity, gas and other fuels contributed to this trend with about 1.04 and 0.71 pp respectively.
Comparing the prices of August of this year with those of the same month of 2016, INE concludes that the capital of the country registered a price increase in the order of 14.35 percent. The clothing and footwear and alcohol and tobacco divisions were the ones that stood out, in homologous terms, with approximately 21.80 and 20.29 percent, respectively.
Inflation in Beira
Data collected in the city of Beira, last August, point to inflation of about 0.05 percent. Food and non-alcoholic beverages and restaurants, hotels, coffee shops and the like accounted for 0.28 and 0.18 percentage points.
In terms of the monthly price changes per product, beer fell by 4.3 percent, tomato 7.9, butter beans 5.7, cooking oil 3.1, cabbage 9.5, horse mackerel 2.1 and broth 9.1. These contributed to prices falling 0.66 percentage points.
However, rising prices of some products, particularly fresh fish (6.4 percent), electricity (21.3), gasoline (0.9), soap (3.7), soft drinks (6.9), men’s pants (3.6) and diesel (2.9), resulted in inflation of 0.49 pp.
From January to August 2017, Beira registered an increase of the general level of prices in the order of 1.08 percent. Restaurants, hotels, cafes and similar, plus education, had the greatest impact on the general trend, contributing respectively with 1.08 and 0.99 positive pp.
As for inflation per product, the highlight goes to increases in the price of complete meals in restaurants, fees for public higher education, fresh fish, gasoline, capulana, beer and coconut, whose contribution to the total was around 3.51 pp.
In the same period in 2016, Beira recorded price increases of 12.78 percent, with the education and health sectors standing out with price rises of 47.89 and 43.78 percent respectively.
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