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    10 August, 2018
Prices continue to drop in July
 
Inflation in Mozambique in July, as measured by the consumer price indices of the three largest cities (Maputo, Nampula, and Beira) was -0.18 per cent, according to the latest figures issued by the National Statistics Institute (INE).

The main price fall in the month was for food and non-alcoholic beverages, with prices reduced by 0.43 per cent. In particular, there was a drop in the price of tomatoes (12.4 per cent), fish (3.8 per cent), onions (4.9 per cent), sweet potatoes (13.4 per cent), coconuts (9.5 per cent), chicken (1.5 per cent), and cabbages (6.7 per cent).

Some prices rose: petrol (0.8 per cent), beef (2.7 per cent), women’s shoes (2.9 per cent), and capulanas (0.7 per cent).

Accumulated inflation between January to July was 2.41 per cent, while inflation from 1 August 2017 to 31 July 2018 was 4.73 per cent. Transport was the largest contributor to yearly inflation with prices increasing by 13.74 per cent.

In July, prices in Maputo were pretty much static with a rise of 0.04 per cent. In the central city of Beira prices fell by 0.53 per cent whilst in the northern city of Nampula prices fell by 0.37 per cent.
 
 
  13 May, 2019  
 
Anadarko reaches agreement with JERA and CPC
 
The Anadarko Petroleum Corporation on Monday announced that the Mozambique LNG1 Company, owned by Anadarko and its partners in exploiting the natural gas in Area One of the Rovuma Basin, off the coast of the northern Mozambican province of Cabo Delgado, has signed a Sale and Purchase Agreement (SPA)

 
  13 May, 2019  
 
Cyclone Idai wiped out over 80,000 hectares of crops
 
A complete assessment of the impact of cyclone Idai on Mozambican agriculture shows that it devastated 813,000 hectares of crops in the 71 districts affected by the cyclone, according to Agriculture Minister Higino de Marrule.

 
  10 May, 2019  
 
More than a quarter of a million new electricity connections
 
New connections to the national electricity grid benefitted 257,490 households in 2018, according to the chairperson of Mozambique’s publicly-owned electricity company, EDM, Aly Sicola.

 


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