Mauritius inflation at a tough 11.3%, compared to 5.2% a year ago

Headline inflation for the 12-months ending February 2023 stood at 11.3%, compared to 5.2% for the 12-months ending February 2022. 

Headline inflation is the total inflation in an economy. The headline inflation figure includes inflation in a basket of goods that includes commodities like food and energy.

According to the latest figures released by Statistics Mauritius, the year-on-year (Y-o-y) inflation stood at 11.0% in February 2023, compared to 9.0% in February 2022.

High inflation is when prices for goods and items are high. Shoppers can therefore get less for their money when purchasing.

The Consumer Price Index (CPI) increased by 2.0 points or 1.6% from 128.5 in January 2023 to 130.5 in February 2023.

The CPI calculates the cost to purchase a fixed basket of goods to determine how much inflation is occurring in the broad economy.

The highest contributor to the change in the index between January 2023 and February 2023 was electricity (+0.5).

Source: Statistics Mauritius