Prices rose 0.63% nationally in April, nearly triple March’s pace, as queues at the pumps reached the shop shelf.
Prices in Mozambique rose 0.63% in April 2026, almost three times March’s 0.22%, taking the year-on-year rate to 4.41% and the four-month accumulation to 2.89%. The Instituto Nacional de Estatística figures, as reported by Forbes África Lusófona, put the largest city move in Tete, at 2.20%, followed by Nampula and Beira, while Quelimane edged down.
The pattern follows the pumps. April was the month fuel queues formed across Maputo and other cities, and the cities furthest from a port paid the most for goods that travel by truck.
Couve at 29.4%: a distribution price, not a farm price
The biggest movers were perishables that depend on daily transport.
Food and non-alcoholic beverages supplied 0.56 percentage points of the April increase. Couve (collard greens) rose 29.4%, lettuce 23%, repolho (cabbage) 22.7%, onions 21.3% and tomatoes 13.8%, according to the INE data. Leafy vegetables have a shelf life of days, so a driver who spends a morning in a fuel queue delivers a smaller volume to market and the price at the stall rises to cover the lost trips.
Tete shows the mechanism at its sharpest. The city sits inland and receives fuel and most goods by road or rail from coastal ports, so each disruption in supply stacks an extra leg onto every product. The 2.20% monthly move there is the freight bill appearing in the retail index.
What the queues did to commuting and to costs
Drivers left cars at home and minibuses became the bottleneck.
By 27 April Maputo had lived with fuel shortages for nearly two weeks. Observador reported residents leaving cars at home and hundreds queuing for scarce minibus seats at peak hours, and operators saying that reliable supply mattered more to them than the price. The government’s public line, carried in a report headlined by MMO, was that there was no risk of running short despite the queues at stations.
For a shopper the cost is time and fares before it is any item on the till. Transport was not yet a driver of the April index, but operators were already talking about raising fares once a fuel price adjustment arrived. A household that spends more on getting to work has less to spend at the market, which is the demand side of a supply shock.
Credit did not fund the spending
Bank lending to individuals was flat as total credit fell in April.
The bank credit stock fell almost 1% in April to the equivalent of €3.947bn, reversing two months of record highs, according to Forbes África Lusófona’s report of the Banco de Moçambique data. Credit to individuals led every sector at €1.415bn, ahead of transport and communications at €343m, commerce at €308m and manufacturing at €292.4m.
Two readings follow. Households were not borrowing more to cope with dearer food, since individual credit held at roughly the level of the previous two months. And commerce, the sector that finances the stock on the shelf, had one of the smallest lines. A plausible reading is that retailers carried inventory through a disrupted month largely on their own cash, though the data do not settle it.
What a merchant does in May
Buy closer to the sales point, keep two suppliers, and move fast on perishables.
Shorten the chain for perishables. A grocer in Tete, Nampula or Beira should source vegetables from the nearest farming belt instead of from a wholesaler two legs away, and should agree delivery days with the grower so a truck is not held in a queue while the produce wilts. Buying twice a week in small lots beats one large lot in a month when transport is uncertain, because the cost of a wasted delivery falls on the buyer who ordered too much.
Then protect margin on the items least exposed to the pumps. Dry goods that arrive by rail or ship need no discounting, and a retailer can use them to keep basket value stable while the vegetable price settles. The number to watch when INE publishes May is the transport division, because the queues of April were a signal of a cost that fares and freight rates will pass on.
Sources
- Forbes África Lusófona. “Inflação em Moçambique quase triplica em Abril impulsionada pelos preços dos alimentos”. May 2026. https://forbesafricalusofona.com/inflacao-em-mocambique-quase-triplica-em-abril-impulsionada-pelos-precos-dos-alimentos/
- Sapo. “Inflação em Moçambique quase triplica em Abril impulsionada pelos preços dos alimentos”. May 2026. https://sapo.pt/artigo/inflacao-em-mocambique-quase-triplica-em-abril-impulsionada-pelos-precos-dos-alimentos-6a01a840e007d4f9b5540f92
- Observador. “Escassez de combustíveis impõe sacrifícios em Maputo”. 27 April 2026. https://observador.pt/2026/04/27/escassez-de-combustiveis-impoe-sacrificios-em-maputo/
- MMO. “Governo de Moçambique nega risco de falta de combustível apesar das filas em postos”. April 2026. https://noticias.mmo.co.mz/2026/04/governo-de-mocambique-nega-risco-de-falta-de-combustivel-apesar-das-filas-em-postos.html
- Forbes África Lusófona. “Crédito à economia moçambicana cai para 3,947 milhões de euros em Abril”. June 2026. https://forbesafricalusofona.com/credito-a-economia-mocambicana-cai-para-3947-milhoes-de-euros-em-abril/



