Inflation: 60% Believe Government Action Falls Short

According to a recent study by Kantar-Analysis, 73% of Mauritians believe that prices have significantly increased or risen slightly, while only 5% consider them stable.

As a result, 64% of respondents think that the government’s efforts to combat inflation are insufficient.

The survey highlights growing concerns among Mauritians regarding inflation’s impact on their lives and paints a somewhat pessimistic picture of the nation’s economic outlook.

Despite a relatively positive employment situation, nearly three-quarters of Mauritians admit to struggling to stick to their monthly budgets.

Furthermore, 64% perceive their financial situation as more challenging in 2023 compared to the previous year.

To cope with financial difficulties, 66% have made adjustments to their everyday spending, 50% have discontinued certain monthly expenses, and 48% have opted for cheaper products or brands.

The study also reveals that the consumer confidence index, while showing a slight improvement in the second quarter of 2023, remains significantly lower than pre-pandemic levels in Q1 2020.

However, there is a positive perception of current and future employment prospects, with an index rating of 86.

This perception has been steadily improving since the third quarter of 2020, during the height of the Covid-19 crisis.

The study aims to provide valuable insights for economic decision-makers and has been conducted quarterly since 2010.

Source: Defi Media