Mozambique: Government, creditors to talk again at IMF Spring Meetings
High prices are not giving Mozambicans’ pocket a minute’s rest. Purchasing power is constantly decreasing and citizens are being forced to review their eating habits.
February figures from the National Institute of Statistics point to annual inflation of 20.88 percent in February this year. A 50 kilogram bag of rice bought for 1,500 meticais this time last year now costs 1900 meticais, up 400 meticais. Maize flour, 45 meticais a kilogram in 2016, has risen to around 60 meticais.
But it is not only food that has gone up – dressing is also more expensive. A pair of shoes costing 1,900 meticais in February last year, for example, now costs about 2,400 meticais.
The city of Beira in Sofala province leads the way in general price increases, followed by Nampula and finally the capital, Maputo.
Some Mozambicans have stopped consuming essential products or are substituting alternatives and reducing the amount of food they purchase.Source: O País