Connect with us

News

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

Published

on

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.

Bookmark (0)
ClosePlease login

No account yet? Register

Spread the News
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.
Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

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.