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Mauritius’ April inflation hits 11% as prices rise for food, fuel

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Mauritius' April inflation hits 11% as prices rise for food, fuel

Mauritius’ annual inflation jumped to 11% in April 2022, fuelled by the Russia-Ukraine conflict and rising energy and food prices, according to latest data released by the island’s Statistics office.

The currency slide was triggered by a 0.9 point or 0.7% slide from 120.1 in March 2022 to 121.0 in April 2022.

Headline inflation for the 12-months ending April 2022 worked out to 7.0%, compared to 1.9% for the 12-months ending April 2021.

Y-o-y CORE1 inflation stood at 8.6% in April 2022, compared to 2.7% in April 2021 while y-o-y CORE2 inflation workedout to 7.0% in April 2022, compared to 4.1% in April 2021.

CORE1 inflation for the 12-months ending April 2022 stood at 5.3%, compared to 2.4% in April 2021.

Similarly, CORE2 inflation for the 12-months ending April 2022  was 5.2%, compared to 3.6% in April 2021.

The surge in consumer prices was driven by a 0.3 point leap in energy (gasoline+cooking gas), 0.3 point rise in food (rice and other foods), 0.3 point in transportation (taxis fares, motor vehicles, air tickets), the data showed.

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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.