Mauritius sees year-on-year inflation climb to 0.6% in July on rising vegetables prices
The main reasons for the net increase in the CPI on a monthly basis between June 2015 to July 2015 were higher prices of vegetables and meat, culminating in year-on-year inflation of 0.6% in July and a headline inflation rate of 1.5% for the twelve months ending July 2015. (Image:arttravel.gr)
Mauritius saw a rise in prices, reflected in a 0.2% increase in the Consumer Price Index (CPI) to 107.4, compared to 107.2 in June 2015, on the back of higher prices of food and non-alcoholic beverages.
On a yearly basis, the CPI increased by 0.6% points in July 2015 compared to 106.8 points in July 2014.
The main reasons for the net increase in the CPI from June to July 2015 were rise in prices of food and non- alcoholic beverages, which showed a major increase of 0.8%. The prices of vegetables and meat rose by 0.5 points and 0.1 points respectively.
Comparing sub-indices for the twelve divisions of consumption expenditure for the month of June 2015 to July 2015, the following major consumption items reinforced the upward trend: ‘Recreation and culture’ inched up by 0.4 index points followed by increases in the ‘Health’ and ‘Restaurants and hotels’ categories, both of which edged higher by 0.4 index points.
Other increases in the sub division index were registered in the `Clothing and footwear` and `Furnishings, household equipment and routine household maintenance` categories, which appreciated by 0.1 index points each.
On the downward trend were ‘Transport’, which saw a decrease of 0.2 index points to reach 103.3 points, and ‘Communication’, which dropped by 0.1 index points.
Finally, the headline inflation rate for the twelve months ending July 2015 works out to 1.5%, compared to 3.9% for the twelve months ending July 2014. The year-on-year inflation rate for July 2015, as measured by the change in the CPI for July 2015 relative to July 2014, works out to 0.6%.