Mozambique: Government denies imposing VAT on basic foods - AIM
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Mozambique’s monthly inflation in November 2017 was 0.72 percent, with cumulative annual inflation at 4.5 percent and year-on-year inflation at 7.15 percent.
Figures made public yesterday by the National Statistics Institute (INE) indicate that the November trend as mainly due to the increase in the prices of food and non-alcoholic beverages and transport.
“These contributed to the total monthly inflation with around 0.67 percentage points (pp) positive,” the INE details in a press release.
Analysing monthly inflation per product, the highlight goes to the rise in prices of gasoline (4.6 percent), tomatoes (11.7 percent), coconut (9.6 percent), onion (7.7 per cent), fresh chicken eggs (8.6 per cent), diesel (3.0 per cent) and kale (7.7 per cent).
“Contrary to the general trend, there is a drop in peanut prices (3.7 percent), cooking oil (1.5 percent), and corn flour (3.8 percent),” says the INE.
The INE also reports that, from January to November, the country registered an increase in the general price level of around 4.50 percent. Transport, housing, water, electricity, gas and other fuels sectors and restaurants, hotels, cafes and the like were responsible for this trend, contributing approximately 1.27pp, 0.87pp and 0.76pp respectively.
“Disaggregating accumulated inflation by output, rising prices of gasoline, wheat bread, charcoal, restaurant meals, coconuts, electricity consumption and fresh and frozen fish contributed to the total accumulated inflation with 3.42pp positive,” the report lays out.
In the same period in 2016, the country registered a price increase of 7.15 percent, with education experiencing the highest price increase at 14.42 percent.
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