{"id":17669,"date":"2022-04-11T15:55:11","date_gmt":"2022-04-11T15:55:11","guid":{"rendered":"https:\/\/www.africa-press.net\/mozambique\/all-news\/bank-of-mozambique-forecasts-increase-in-food-prices"},"modified":"2022-04-11T15:56:30","modified_gmt":"2022-04-11T15:56:30","slug":"bank-of-mozambique-forecasts-increase-in-food-prices","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mozambique\/all-news\/bank-of-mozambique-forecasts-increase-in-food-prices","title":{"rendered":"Bank of Mozambique forecasts increase in food prices"},"content":{"rendered":"

Africa-Press – Mozambique. <\/strong><\/span>The Bank of Mozambique is predicting an increase in the food price index on the domestic market of one percentage point as a result of the rising fuel costs caused by the Russian invasion of Ukraine.<\/p>\n

Since the beginning of the conflict at the end of February, Mozambique has already seen the cost of fuel rise by about 11 percent.<\/p>\n

The Director of the Economic Studies Department of the Bank of Mozambique, Pinho Ribeiro, told journalists on Friday that the rise in fuel prices in Mozambique remains below that observed elsewhere in the world.<\/p>\n

The Central Bank\u2019s Monetary Policy Committee does however foresee prospects for the recovery of the domestic economy remaining constant, because of the impact of various dampening factors on the national economy.<\/p>\n

The second 2022 session of the Bank of Mozambique\u2019s Monetary Policy Committee decided to increase the MIMO interest rate from 13.25% to 15.25%, in order to mitigate the impact of the Russia-Ukraine conflict on the national economy.<\/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 Bank of Mozambique is predicting an increase in the food price index on the domestic market of one percentage point as a result of the rising fuel costs caused by the Russian invasion of Ukraine. Since the beginning of the conflict at the end of February, Mozambique has already seen the […]<\/p>\n","protected":false},"author":84,"featured_media":17666,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,7,8,16],"tags":[233,281,283],"class_list":["post-17669","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-head-lines","category-homepage-english","category-twitter","tag-africa-press","tag-africa-press-mozambique","tag-mozambique"],"yoast_head":"\nBank of Mozambique forecasts increase in food prices - Mozambique<\/title>\n<meta name=\"description\" content=\"The Bank of Mozambique is predicting an increase in the food price index on the domestic market of one percentage point ...\" \/>\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\/bank-of-mozambique-forecasts-increase-in-food-prices\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bank of Mozambique forecasts increase in food prices\" \/>\n<meta property=\"og:description\" content=\"The Bank of Mozambique is predicting an increase in the food price index on the domestic market of one percentage point ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/bank-of-mozambique-forecasts-increase-in-food-prices\" \/>\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=\"2022-04-11T15:55:11+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-04-11T15:56:30+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2022\/04\/img-62544f7c14b96.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1406\" \/>\n\t<meta property=\"og:image:height\" content=\"789\" \/>\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=\"1 minute\" \/>\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\/bank-of-mozambique-forecasts-increase-in-food-prices#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/bank-of-mozambique-forecasts-increase-in-food-prices\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Bank of Mozambique forecasts increase in food prices\",\"datePublished\":\"2022-04-11T15:55:11+00:00\",\"dateModified\":\"2022-04-11T15:56:30+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/bank-of-mozambique-forecasts-increase-in-food-prices\"},\"wordCount\":180,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/bank-of-mozambique-forecasts-increase-in-food-prices#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2022\/04\/img-62544f7c14b96.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Mozambique\",\"Mozambique\"],\"articleSection\":[\"all news\",\"economy\",\"head lines\",\"homepage-english\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/mozambique\/all-news\/bank-of-mozambique-forecasts-increase-in-food-prices#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/bank-of-mozambique-forecasts-increase-in-food-prices\",\"url\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/bank-of-mozambique-forecasts-increase-in-food-prices\",\"name\":\"Bank of Mozambique forecasts increase in food prices - 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