Mozambique: Prices soar on the eve of the festive season – Carta

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Mozambique: Prices soar on the eve of the festive season – Carta

6:52 CAT | 15 Nov 2021

File photo: Lusa

Data collected by the National Institute of Statistics (INE) in Maputo, Beira and Nampula cities, indicate that, on the eve of the festive season, the country in October recorded a general increase in prices (inflation) of around 0.89%.

The food and non-alcoholic beverages and transport sectors were the most prominent, contributing to the total monthly variation with approximately 0.43 and 0.23 positive percentage points (pp) respectively.

According to INE, the biggest rise by product was seen in the price of gasoline (3.7%), tomatoes (5.3%), coconut (15.5%), dried fish (3.6%), horse mackerel (1.5%), fresh fish (1.2%) and complete meals in restaurants (0.5%), contributing 0.59 pp positive to the total monthly variation.

The nation’s statistical authority however found that some products, especially peanuts (2.4%), onions (2.7%) and cassava flour (6.6%), contradicted the upward trend by contributing about 0.05 pp negative.

“From January to October of the current year, the country registered a price increase of 4.14%. The food and non-alcoholic beverages and restaurants, hotels, cafes and similar divisions were the most prominent, contributing to the total accumulated variation with approximately 1.97 pp and 0.59 positive pp respectively,” the INE communiqué reads.

Analysing the monthly variation in the three data collection centres that serve as a reference for price variation in the country, the INE notes that all cities registered a price increase in October, with Nampula standing out with around 1 .20%, followed by Maputo with 0.87%, and Beira with approximately 0.47%.

Source: Carta de Moçambique