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Mauritius inflation down to 9.6% in June

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Mauritius inflation down to 9.6% in June

Year-on-year inflation in Mauritius stood at 9.6% in June, down from 10.7% in May, according to consumer price data just published.

Due to the COVID-19 pandemic and the impact of the Russia-Ukraine conflict on the local economy, the country’s inflation, though pursuing a downward trend, remained high in June, compared to the 5.9% rate in June 2021, according to the Consumer Price Index Report of Statistics Mauritius.

The growth estimates of the national statistical office are planned at 7.2% in 2022 against a GDP growth performance of 3.6% in 2021.

According to the National Accounts Report of Statistics Mauritius, the authorities are targeting the arrival of 1 million tourists in 2022, banking on the rebound of the tourism industry to drive the national GDP growth.

A series of social measures to fight inflation are currently being implemented, including a special monthly allocation of Rs 1,000 to all workers earning less than Rs 50,000 per month.

Urban tax on property is also being removed while personal tax is being revised downwards.

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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.