CPI remained unchanged
The Consumer Price Index (CPI), which stood at 103.4 in April 2013, remained at the same level in June 2013 says the Central Statistical Office in its latest publication regarding the CPI. On a monthly basis, the CPI decreased by 0.1 point (-0.1%) in May 2013 and then increased by 0.1 point (+0.1%) in June 2013.
According to the CSO, the main reasons for the CPI movements from April to June 2013 were due to the following reasons:
(a) higher prices of vegetables and some other food products;
(b) lower interest rates on housing loan.
The headline inflation rate was 3.9% for year 2012 compared to 6.5% for year 2011.
The headline inflation rate excluding ‘Alcoholic beverages and tobacco’ was 2.6% for year 2012 compared to 5.3% for year 2011.
The headline inflation rate for the twelve months ending June 2013 works out to 3.6% compared to 5.1% for the twelve months ending June 2012.
The headline inflation rate excluding ‘Alcoholic beverages and tobacco’ for the twelve months ending June 2013 works out to 2.5% compared to 3.7% for the twelve months ending June 2012.
INTERNATIONAL COMPARISON OF INFLATION RATE
The table below compares the inflation rate (as measured by the percentage change in the average CPI for a given year relative to the previous year) of Mauritius with those of our main importing countries and some countries in the region for the latest available year, mainly 2012.
Table 1 – Inflation rate (%) of selected countries, year 2012
|Country||Inflation rate (%)||Country||Inflation rate (%)|
Source – World Economic Outlook Database, April 2013
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Source: Central Statistical Office, Mauritius