Mauritius sees year-on-year inflation decline to 0.4% as vegetable prices fall
The year-on-year inflation rate of Mauritius for June 2015, as measured by the change in the CPI for June 2015 relative to June 2014, works out to 0.4% against 0.5% in May 2015, and the headline inflation rate for the twelve months ending June 2015 works out to 1.7%, compared to 4.0% for the twelve months ending June 2014.(Image:restaurants.mu)
Mauritius saw a slight drop in prices in June 2015, spurred by lower cost of vegetables, according to data released on Tuesday by Statistics Mauritius.
The year-on-year inflation rate for June 2015, as measured by the change in the CPI for June 2015 relative to June 2014, works out to 0.4%, against 0.5% in the immediately preceding month.
The Consumer Price Index (CPI), which stood at 106.8 in June 2014, registered a net increase of 0.4% to reach 107.2 in June 2015.
However, on a monthly basis, a slight drop of 0.1 points was noted, as the CPI in June 2015 stood at 107.2 points compared to 107.3 points in May 2015.
The main contributors towards the net decrease in the CPI from May 2015 to June 2015 was mainly lower price of vegetables where the change in the index of the latter by -0.6 compensated for the increase in the index for fruits, other food products, where both recorded an increase of 0.1 points each in the index, and cigarettes recorded a 0.3 points increase.
Comparing sub-indices for the twelve divisions of consumption expenditure for the month of June 2015 to May 2015, the following major consumption items reinforced the downward trend: ‘Recreation and culture’ dipped by 0.4 points while ‘Food and non alcoholic beverages’ fell by 1.5 index points ,‘communication’ dropped by 0.9 points and finally ‘Miscellaneous goods and services’ decreased by 0.1 index points.
On the uptrend, ‘Alcoholic beverages and tobacco’ increased by 2.8 index points to reach 119.9 points; ‘Health’ grew by 0.2 index points to 113.6 points; and ‘Clothing & Footwear’ climbed by 0.3 index points to attain 113.4 points.
In addition, ‘Furnishings, household equipment and routine household maintenance’ increased by 0.4 index points to reach 105.9 points.
Finally, the headline inflation rate for the twelve months ending June 2015 worked out to 1.7%, compared to 4.0% for the twelve months ending June 2014