Mauritius sees inflation rate for the year 2014 stood at 3.2%.
In Mauritius, vegetables, motor vehicles and doctor fees recorded a hike in prices between January to March 2015, while air fares and internet fees were lower. (Image: averysegal.com)
Mauritius saw a headline inflation rate of 3.2% for 2014 compared to 3.5% for 2013, according to data released by Statistics Mauritius today, April 15, 2015.
Also, for the twelve months ending March 2015, the rate works out to 2.4%, which is lower than the 4.0% for the corresponding period in 2014.
Accordingly, the Consumer Price Index (CPI) for the first quarter of 2015 ending March registered a net increase of 4.4% to reach 110.1 points against 105.5 points in the last quarter of 2014.
The main contributors towards the rising CPI were increase in price of vegetables, motor vehicles and doctor fees, which were partly offset by lower prices of milk, air tickets and internet fees.
Comparing sub-indices for the twelve divisions of consumption expenditure for the period of December 2014 to March 2015, the only categories on a downturn were communications as well as hotel & restaurants. The decrease of 2.3% in communications was due to lower prices of internet access (-7.3%) and mobile phones (-4.1%). Hotels and restaurants also saw prices down by 0.1%, mainly due to lower rates for accommodation in hotels (-3.7%), partly offset by increase in prices of cakes and snacks (+1.0%).
On the other hand, the category of food and non-alcoholic beverages recorded the highest increase of 14.1% mainly attributed to higher prices of vegetables and pulses.
Health and recreation & culture was another subdivision which climbed up by 1.9%, given higher doctor fees and increased in prices of audiovisual equipment.
The increase of 1.4% in the furnishings, household equipment and routine household maintenance segment was mainly due to higher prices of major household appliances, household textiles and higher charges for domestic services.