A group of angry demonstrators, protesting against the high cost of living, stormed a district jail on Monday (03) and freed more than 200 inmates in the district of Gorongosa, in Sofala province, central Mozambique. According to the Gorongosa administrator, quoted by VOA, the protests were led by motorcycle taxi drivers and gold miners and were aimed at...
Tag: cost of living
Cost of living could soar during the festive season due to the post-election crisis
The cost of living in Mozambique could see a significant increase during the festive season, as a result of the lack of products on the market, resulting from the post-election crisis marked by demonstrations that led to the closure of some borders. The warning was made by the Minister of Industry and Trade, Silvino Moreno, who stressed that the...
Cost of living increased by 2.75% in August 2024
Data from the National Statistics Institute (INE) reveals that in August, the cost of living for Mozambicans became more expensive, with inflation of 2.5% compared to the same period in 2023. However, this represents a deflation of 0.11% compared to July, the fourth in a row....
Cost of living to rise in the coming months
A possible rise in fuel prices and telecommunications services, coupled with climate shocks, could result in a rise in the cost of living in the coming months, according to the Economic Report and Inflation Outlook released a few days ago by the Bank of Mozambique. "Other risk factors to the projections include the possible worsening of fiscal pressure, the possible...
Cost of living up 4.19% in January
Data from the National Statistics Institute shows that the cost of living in January rose across the board by 4,19%. Data from the National Statistics Institute released this week shows that education and food and non-alcoholic beverages were the divisions with the biggest price rises, varying...
Angolan police forcefully stopped protests against the rising cost of living
Angolan police dispersed a march in Luanda on Saturday against rising fuel prices and the end of street vending, using tear gas against the demonstrators, causing panic and fainting, with reports of some injuries and detainees. The police charge took place shortly after the march began its route towards...
Cost of living getting more and more expensive. It went up 8.23% last May
Annual inflation rose by 8.23% in May this year, compared to the same period in 2022. According to data from the National Statistics Institute (INE) collected last May, food and non-alcoholic beverages and transport were the divisions with the highest price rises. INE also says that...
"End of fuel import subsidies will aggravate the cost of living" - economists warn
Mozambican economists are predicting that the end of the Bank of Mozambique's contribution to fuel import bills will worsen people's living conditions. The Bank of Mozambique has announced that it will no longer support fuel imports, a decision that has not been well received by economists and the business community. The economist told VOA...
Adriano Maleiane says the government is acting to contain the rising cost of living
The government says that the increase in inflation from 6.65% in 2022 to 10.8% last March and the rise in the prices of basic products are unequivocal indicators of the worsening cost of living. According to the Prime Minister, Adriano Maleiane, the international economic situation is affecting our country, which is aggravated by the...
Cost of living skyrocketed in March
The rise in the price of urban semi-collective transport last February, by three Meticais, in the Greater Maputo Metropolitan area, has further pushed up the high cost of living in Mozambique. Data from the National Statistics Institute (INE) indicates that, last March, the general increase in the price of goods and services (or inflation)...