Mauritius sees inflation rate for the year 2014 stood at 3.2%
Inflation rate for the year, 2014 stood at 3.2% compared to 3.5% for the year 2013, where the headline inflation rate excluding ‘Alcoholic beverages and tobacco’ was 2.9% for year 2014 compared to 2.5% for year 2013.(Image: Panoramio)
Consumer Price Index (CPI) for the year 2014 has registered a net increase of 0.2 point to reach 105.5 in December 2014, which compare to the corresponding period last year, was 105.3.
According to Statistics Mauritius released today, increases in the monthly CPI were noted in the months of January, February and August, where the increases had ranged from 0.4 to 1.9 points with the highest increase registered in the month of January 2014.
On the other hand, decreases were noted in the months of March, May, September, October and December, which ranged from -0.4 to -0.9 point, with the highest decrease in May 2014.
Furthermore, the CPI for the months of April, June, July and November 2014 remained unchanged.
The main reasons according to the Statistics Mauritius affecting this slight increase in CPI during the year 2014 were higher prices for fish, pulses and some other food products; readymade clothing; worker’s wages, doctors’ fees and clinic fees; motor vehicles; private TV subscription;
textbooks; and prepared foods; However, there was a lower prices of cooking oil and milk; gasoline and diesel.
Furthermore, the main changes in the sub-indices for the twelve divisions of consumption expenditure during the year 2014 were, health with +5.2%, which is explain by the effect of higher doctors’ fees +8.2% and clinic fees +5.9%.
Clothing and footwear for its part has shown an increase of 3.7%, which was mainly due to higher prices of ready-made clothing +3.9% and footwear +2.9%.
Finally, we have restaurants and hotels +3.3% which increase can be explained higher prices of prepared foods +2.6% and cakes and snacks +9.8%.
Still under the sub-indices the Transport; Food and non-alcoholic beverages; and Alcoholic beverages and tobacco were registered with a decrease of -2.3; -0.6 and 0.3.
This 2.3% decrease in transport was mainly due to lower prices of gasolene -11.5% and diesel -13.4%, partly offset by higher prices of some motor vehicles +5.4%.
Food and non-alcoholic beverages which registered a -0.6%, was mainly the result of decrease in vegetables -8.4%, cooking oil, -8.0% and milk -2.4%, partly offset by higher prices of fish +3.5% , ginger +89.4% and pulses +19.3%.
And finally, alcoholic beverages and tobacco which was -0.3%, was mainly due to lower prices of rum and other cane spirits -0.8% and beer and stout -0.4%.
Others under the sub-indices were: Housing, water, electricity, gas and other fuels +1.0%; Furnishings, household equipment and routine household maintenance -3.1%; Communication -1.1%; Recreation and culture +1.2%; Education +1.8% and finally, Miscellaneous goods and services +1.6%.
Finally, inflation rate for the year, 2014 stood at 3.2% compared 3.5% for the year 2013, where the headline inflation rate excluding ‘Alcoholic beverages and tobacco’ was 2.9% for year 2014 compared to 2.5% for year 2013.