{"id":16016,"date":"2022-03-16T16:29:46","date_gmt":"2022-03-16T16:29:46","guid":{"rendered":"https:\/\/www.africa-press.net\/mozambique\/?p=16016"},"modified":"2022-03-16T15:11:09","modified_gmt":"2022-03-16T15:11:09","slug":"mozambique-inflation-set-to-rise-to-almost-9-this-year-oxford-economics","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-inflation-set-to-rise-to-almost-9-this-year-oxford-economics","title":{"rendered":"Inflation set to rise to almost 9% this year \u2013 Oxford Economics"},"content":{"rendered":"

Africa-Press – Mozambique. <\/strong><\/span>The Oxford Economics Africa consultancy announced on Wednesday that it would revise its inflation forecast for Mozambique from 7.3% to close to 9% for this year as a whole due to rising fuel and food prices.<\/p>\n

\u201cThe strengthening of the exchange rate alone will not be enough to offset the impact of recent global fuel and food price increases on consumer prices, so we will revise our average inflation forecast for 2022 from 7.3% to close to 9%,\u201d analysts at the consultancy wrote.<\/p>\n

Year-on-year inflation in Mozambique in February was 6.84%, the country\u2019s National Statistics Institute (INE) said today, signalling a drop compared to January.<\/p>\n

Inflation in January had been 7.8% and fell by 96 basis points in February, according to the latest bulletin on the Consumer Price Index (IPC) published last week.<\/p>\n

According to the INE, inflation in Mozambique is mainly influenced by food and beverage prices.<\/p>\n

In the note sent to clients and to which Lusa had access, the analysts wrote that despite the global impacts of the war between Russia and Ukraine, the consequences for Mozambique should not be particularly relevant.<\/p>\n

\u201cAs Mozambique does not have significant trade with Russia or Ukraine, export revenues should receive a boost due to higher prices for aluminium, coal and natural gas following Russia\u2019s invasion of Ukraine,\u201d the analysts point out.<\/p>\n

According to the experts, \u201cthe increase in government and corporate revenues due to the rise in the price of raw materials, and the consequent increase in corporate and public consumption, should offset the impact of the reduction in household disposable income caused by the rise in consumption and the rise in inflation.<\/p>\n

The CPI figures are calculated by INE from the price variations of a basket of goods and services, with data collected in Maputo, Beira and Nampula.<\/p>\n

For More News And Analysis About Mozambique<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Mozambique. The Oxford Economics Africa consultancy announced on Wednesday that it would revise its inflation forecast for Mozambique from 7.3% to close to 9% for this year as a whole due to rising fuel and food prices. \u201cThe strengthening of the exchange rate alone will not be enough to offset the impact of […]<\/p>\n","protected":false},"author":84,"featured_media":16014,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8,16],"tags":[233,281,283],"class_list":["post-16016","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","category-twitter","tag-africa-press","tag-africa-press-mozambique","tag-mozambique"],"yoast_head":"\nInflation set to rise to almost 9% this year \u2013 Oxford Economics - Mozambique<\/title>\n<meta name=\"description\" content=\"The Oxford Economics Africa consultancy announced on Wednesday that it would revise its inflation forecast for Mozambiqu ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-inflation-set-to-rise-to-almost-9-this-year-oxford-economics\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Inflation set to rise to almost 9% this year \u2013 Oxford Economics\" \/>\n<meta property=\"og:description\" content=\"The Oxford Economics Africa consultancy announced on Wednesday that it would revise its inflation forecast for Mozambiqu ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-inflation-set-to-rise-to-almost-9-this-year-oxford-economics\" \/>\n<meta property=\"og:site_name\" content=\"Mozambique\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-03-16T16:29:46+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2022\/03\/img-6231fdb1b0079.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"404\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-inflation-set-to-rise-to-almost-9-this-year-oxford-economics#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-inflation-set-to-rise-to-almost-9-this-year-oxford-economics\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Inflation set to rise to almost 9% this year \u2013 Oxford Economics\",\"datePublished\":\"2022-03-16T16:29:46+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-inflation-set-to-rise-to-almost-9-this-year-oxford-economics\"},\"wordCount\":314,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-inflation-set-to-rise-to-almost-9-this-year-oxford-economics#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2022\/03\/img-6231fdb1b0079.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Mozambique\",\"Mozambique\"],\"articleSection\":[\"all news\",\"economy\",\"homepage-english\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-inflation-set-to-rise-to-almost-9-this-year-oxford-economics#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-inflation-set-to-rise-to-almost-9-this-year-oxford-economics\",\"url\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-inflation-set-to-rise-to-almost-9-this-year-oxford-economics\",\"name\":\"Inflation set to rise to almost 9% this year \u2013 Oxford Economics - 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