{"id":21175,"date":"2022-06-14T14:59:32","date_gmt":"2022-06-14T14:59:32","guid":{"rendered":"https:\/\/www.africa-press.net\/mozambique\/all-news\/oxford-economics-predicts-9-inflation"},"modified":"2022-06-14T14:59:32","modified_gmt":"2022-06-14T14:59:32","slug":"oxford-economics-predicts-9-inflation","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mozambique\/all-news\/oxford-economics-predicts-9-inflation","title":{"rendered":"Oxford Economics predicts 9% inflation"},"content":{"rendered":"

Africa-Press – Mozambique. <\/strong><\/span>The consultancy Oxford Economics predicts that average inflation in Mozambique this year will be above 9%, its highest value since 2017, and foresees social unrest due to the impact of prices on the transport sector.<\/p>\n

\u201cInflation has reached a new record for the last four years, in a context of high oil and fuel prices caused by disruptions in the supply chain related to the war between Russia and Ukraine and the Covid-19 pandemic,\u201d a comment on price developments released on Monday reads.<\/p>\n

\u201cWe predict that average annual inflation will rise, from 5.7% in 2021, to more than 9% this year,\u201d the analysts write in a commentary to which Lusa has had access.<\/p>\n

In the analysis, they point out that \u201cthe difficulties in the global supply chain were exacerbated by the series of tropical cyclones that hit central and northern Mozambique at the beginning of the year, as well as by the ongoing war in Cabo Delgado\u201d.<\/p>\n

The analysis adds that the rise in prices disproportionately affects specific sectors, such as transport.<\/p>\n

\u201cMozambican drivers are paying 33% more for fuel than they were 12 months ago. This sharp rise in fuel costs has sparked a wave of protests in the impoverished southern African nation, with demands from public transport operators for regulated fares to be increased,\u201d Oxford Economics says.<\/p>\n

The analysts expect troubled times in Mozambique, as \u201cthe government has ruled out the possibility of increasing subsidies to fuel and bakeries and, in fact, indicated that these subsidies will probably be eliminated\u201d.<\/p>\n

They also note that the approval by the International Monetary Fund (IMF) of a US$456 million programme for the country \u201cincreases the probability that subsidies will be reduced soon, which will create more pressure on consumer prices\u201d.<\/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 consultancy Oxford Economics predicts that average inflation in Mozambique this year will be above 9%, its highest value since 2017, and foresees social unrest due to the impact of prices on the transport sector. \u201cInflation has reached a new record for the last four years, in a context of high oil […]<\/p>\n","protected":false},"author":84,"featured_media":21174,"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-21175","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":"\nOxford Economics predicts 9% inflation - Mozambique<\/title>\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\/oxford-economics-predicts-9-inflation\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Oxford Economics predicts 9% inflation\" \/>\n<meta property=\"og:description\" content=\"Africa-Press – Mozambique. The consultancy Oxford Economics predicts that average inflation in Mozambique this year will be above 9%, its highest value since 2017, and foresees social unrest due to the impact of prices on the transport sector. \u201cInflation has reached a new record for the last four years, in a context of high oil […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/oxford-economics-predicts-9-inflation\" \/>\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=\"2022-06-14T14:59:32+00:00\" \/>\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\/oxford-economics-predicts-9-inflation#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/oxford-economics-predicts-9-inflation\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Oxford Economics predicts 9% inflation\",\"datePublished\":\"2022-06-14T14:59:32+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/oxford-economics-predicts-9-inflation\"},\"wordCount\":298,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/oxford-economics-predicts-9-inflation#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2022\/06\/img-62a8a5b2afcae.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\/oxford-economics-predicts-9-inflation#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/oxford-economics-predicts-9-inflation\",\"url\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/oxford-economics-predicts-9-inflation\",\"name\":\"Oxford Economics predicts 9% inflation - 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