Mauritius sees year-on-year inflation climb to 1.1 % in August on rising vegetables prices
The main reasons for the net increase in the CPI on a monthly basis between July 2015 to August 2015 were higher prices of vegetables, food products and air tickets, culminating in year-on-year inflation of 1.1 % in August and a headline inflation rate of 1.3% for the twelve months ending August 2015.
Mauritius saw a rise in prices, reflected in a 0.9% increase in the Consumer Price Index (CPI) to 108.4, compared to 107.4 in July 2015, on the back of higher prices of food and non-alcoholic beverages.
On a yearly basis, the CPI increased by 1.1% points in August 2015 compared to 107.2 points in August 2014.
The main reasons for the net increase in the CPI from July to August 2015 were rise in prices of food and non- alcoholic beverages, which showed a major increase of 2.6%. The prices of vegetables and other food products rose by 0.7 points and 0.1 points respectively.
Comparing sub-indices for the twelve divisions of consumption expenditure for the month of July 2015 to August 2015, all major consumption items reinforced the upward trend: ‘Restaurants and hotels’ inched up by 0.7 index points followed by increases in the ‘Recreation and culture’ and ‘Clothing and footwear’ categories, both of which edged higher by 0.4 index points.
Other increases in the sub division index were registered in the ` Transport ` inched up by 0.5 index points, ` Communication and ` Health` categories, which appreciated by 0.2 index points each.
`Housing, water, electricity, gas and other fuels` edged higher by 0.1 index point while categories which posted flat were `Alcoholic beverages and tobacco` and `Education`.
Finally, the headline inflation rate for the twelve months ending August 2015 works out to 1.3%, compared to 4.0 % for the twelve months ending August 2014. The year-on-year inflation rate for August 2015, as measured by the change in the CPI for August 2015 relative to August 2014, works out to 1.1%.