Almost nine out of ten actors in the financial and real sectors of the economy fear that inflation could go up to 6%, or beyond, as from June 2022.
Inflation rate in January stood at 4.6%. According to the findings of the February 2022 Inflation Expectations Survey of the Bank of Mauritius, 55.6% of respondents considered this rate as being high while 26.7% viewed the rate to be low.
The remaining 17.8% viewed the rate as being appropriate.
With regard to the factors underpinning the current inflation environment, the majority of respondents viewed the rupee exchange rate and external factors as the most important drivers of inflation
Up to June 2022, 11.1% of the respondents expect the inflation rate to be below 4.0%, while 84.5% of them are anticipating the inflation rate to be between 4.0% and 6.0%.
4.4% of respondents projected inflation rate to exceed 6.0%.
Until December 2022, 11.1% of the respondents are expecting the inflation rate to be below 4.0%, while 73.3% of them are anticipating the inflation rate to be between 4.0% and 6.0%.
15.6% of respondents anticipate that the inflation rate could exceed 6.0%.
A year ahead (January 2023): 15.6% of the respondents are expecting the inflation rate to be below 4.0%, while 71.1% of them are anticipating the inflation rate to be between 4.0% and 6.0%. 13.3% of respondents reported that the inflation rate would exceed 6.0%.
Respondents expected the headline inflation rates to be 5.1% for June 2022, 5.2% for December 2022, and 5.0% for January 2023.
