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Mauritius inflation exceeds 10%, the highest since 2008

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Mauritius inflation exceeds 10%, the highest since 2008

The annual inflation rate in Mauritius rose to 10.7% March of 2022 from 1% exactly one year earlier, latest figures from Statistics Mauritius have revealed.

It was the highest inflation rate since September of 2008.

The Consumer Price Index (CPI) increased by 2.5 points or 2.1% from 117.6 in February 2022
to 120.1 in March 2022.

Inflation Rate in Mauritius averaged 5.78% from 1988 until 2022, reaching an all time high of 18.10% in April of 1989 and a record low of -1.40% in March of 2019. 

Mauritius inflation exceeds 10%, the highest since 2008

The main contributors to the change in the index between February 2022 and March 2022 were: Vegetables (+1.0), Meat (+0.1), Trader’s rice (+0.1), Fish (+0.1), Interest rates on housing loan (+0.1), Furniture (+0.1), Gasolene (+0.5), Motor Vehicles (+0.1) and Other goods and services (+0.3).

Groceries, transport and housing, water, electricity, gas and other fuels remained the principal expenses for Mauritian households.

Headline inflation for the 12-months ending March 2022 stood at 6.0%, compared to 2.2% for the 12-months ending March 2021.

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The information and opinions expressed in our published works are those of authors/sources believed to be reliable. NewsMoris makes no representations as to accuracy, completeness, suitability, or validity of any information expressed.