Mozambique: IMF research suggests reassessing tax incentives - A Verdade
File photo: Lusa
April 2020, an emergency month because of Covid-19, was more expensive compared to April 2019, according to data from the National Statistics Institute (INE). Globally, prices increased by 3.32% against the same period in 2019.
Food products and non-alcoholic beverages led the generalised rise in prices, after the fall registered last March in the order of 3.09% compared to the same period in 2019, according to data collected in the cities of Maputo, Beira and Nampula.
It means that a citizen buying a basket of goods and services in 2019 for 6,000 meticais, would this year need about 6,200 meticais to buy the basket of goods and services.
“With regard to annual inflation, the city of Nampula led the trend of increasing the general price level with 5.13%, followed by the city of Beira with 3.93% and finally the city of Maputo with 2.23%,” the calculations of the National Statistics Institute reveal.
From March to April, the cost of living in the country increased by about 0.52%. Rising prices for second-hand cars (5.4%0, onions (15.0%), cooking oil (5.8%), eggs (12.1%) and brown sugar ( 7.0%) are highlighted in the report.
Some products contradicted the upward trend with a fall of 0.35 percentage points, “with emphasis on tomatoes (8.2%), kale (9.9%), butter beans (5.1%), fresh shrimp (10.0%) and oranges ( 35.5%)”, the Consumer Price Index figures show.
The INE figures also reveal that Nampula was Mozambique’s most expensive city in April, with monthly inflation of around 0.77%, followed by Maputo and Beira, with monthly inflation rates of 0.55% and 0.13% respectively.
From January to April this year, the country registered a price increase of 1.75%, with the highlight on cooking oil, second-hand light vehicles, horse mackerel, capulanas, peanuts, fresh fish and brown sugar.
By Clemêncio Fijamo
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