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AfricaMoney | September 22, 2017

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Mauritius headline inflation rate for the twelve months ending December 2015 works out to 1.3% lower than 2014.

Mauritius headline inflation rate for the twelve months ending December 2015 works out to 1.3% lower than 2014.

The main reasons for the net decrease in the CPI on a monthly basis between November 2015 to December 2015 were lower prices of `Furnishings, household equipment and routine household maintenance` and `Transport` culminating in year-on-year inflation of 1.3 % in December and a headline inflation rate of 1.3% for the twelve months ending December 2015.

Mauritius saw a decrease in prices, reflected in a 0.1% drop in the Consumer Price Index (CPI) to 106.9, compared to 107.0 in November 2015, on the back of lower of `Furnishings, household equipment and routine household maintenance` and `Transport`.

On a yearly basis, the CPI increased by 1.3% points in December 2015 compared to 105.5 points in December 2014.

The main reasons for the net drop in the CPI from November to December 2015 were lower in prices of Gasolene and other food products, which showed a major decrease of 0.2 points and 0.1 points each respectively.

Comparing sub-indices for the twelve divisions of consumption expenditure for the month of November 2015 to December 2015, the components recorded a mixed trend: ` Alcoholic beverages and tobacco` and ` Housing, water, electricity, gas and other fuels` posted a drop of 0.5 index point each respectively.

On the other hand, ` Food and non alcoholic beverages ` inched up by 0.1 index points, ` Clothing and footwear ` increased by 4.1 index points ‘Restaurants and hotels’ leveled up by 1.0 index points followed by increases in the ‘Recreation and culture ` by 0.2 index points.

Other increases in the sub division index were registered in ` Health ` which inched up by 0.1 index points.

Categories which posted flat were `Communication ` and `Education`.

Finally, the headline inflation rate for the twelve months ending December 2015 works out to 1.3%, compared to 3.2% for the twelve months ending December 2014. The year-on-year inflation rate for December 2015, as measured by the change in the CPI for December 2015 relative to December 2014, works out to 1.3%

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