Mauritius sees year-on-year inflation climb to 2% in Feb on rising food prices
Prices rose last month in the island economy, on the back of spiralling costs of food and non-alcoholic beverages, according to data released on Friday, 06 March, 2015 by Statistics Mauritius.(Image: Ashfaq blog)
Mauritius saw year-on-year inflation rise to 2% in February from 0.7% in the previous month, as prices of food and beverages rose, according to data released by Statistics Mauritius today, 06 March 2015.
Mauritius saw an increase in prices in February 2015, on the back of higher costs of food and non-alcoholic beverages, according to data released today by Statistics Mauritius.
The year-on-year inflation rate for February, as measured by the change in the Consumer Price Index (CPI) for February 2015 relative to February 2014, works out to 2%.
The CPI, which stood at 107.9 in January 2015, registered a net increase of 2.6% to reach 110.7 in February 2015.
The main contributors to the net increase in the CPI from January 2015 to February 2015 were vegetables and air tickets, which rose up by 2.6 and 0.3 points respectively, while milk, fruits and other food products posted a decrease by 0.1 point each respectively.
On percentage change in index between February and January 2015 under various categories, ‘food and non-alcoholic beverages’ saw the highest increase at 7.5%.
Comparing other sub-indices for the twelve divisions of consumption expenditure for the month of January 2015 to February 2015, the following major consumption items reinforced the upward trend: ‘transport’ expanded by 2.5%, ‘recreation and culture’ rose 1.8%, ‘clothing and footwear’ went up by 0.4%, ‘furnishings, household equipment and routine household maintenance’ went up by 0.4% and health expenses went up by 0.1%.
On the downward trend, ‘miscellaneous goods and services’ decreased by 0.6%. Additionally, ‘alcoholic beverages and tobacco’ and ‘Communication’ dipped by 0.3% each correspondingly to hit 116.2 and 97.4 index basis points each.
Finally, the headline inflation rate for the twelve months ending February 2015 works out to 2.5%, compared to 3.9% for the twelve months ending February 2014.