Mauritius sees year-on-year inflation down further to 1.9% in Oct from 2.9% in Sept
The main contributors to the decrease in the Consumer Price Index (CPI) from September 2014 to October 2014 were vegetables and other food products, which showed a decrease of 0.6 and 0.1 points respectively, while motor vehicles increased by 0.1 points. (Image: Mauritius Tourist Guide)
Mauritius saw a decline in prices in October 2014, on the back of lower prices of food and non-alcoholic beverages, according to data released on Friday November 7, 2014 by Statistics Mauritius.
The year-on-year inflation rate for October 2014, as measured by the change in the Consumer Price Index (CPI) for October 2014 relative to October 2013, works out to 1.9% in October 2014, compared to 2.9% in September 2014.
The CPI, which stood at 106.5 in September 2014, registered a net decrease of 0.56% to reach 105.9 in October 2014.
Also, an increase of 1.92% was seen in the CPI to 105.9 in October 2014 from 103.9 in the corresponding period of 2013.
The main contributors to the net decrease in the CPI from September 2014 to October 2014 were vegetables and other food products, which showed a decrease of 0.6 and 0.1 points respectively, while motor vehicles increased by 0.1 point.
Comparing sub-indices for the twelve divisions of consumption expenditure for the month of October 2014 to September 2014, the following major consumption items reinforced the upward trend: ‘Transport,’ was boosted up by 0.5 points while ‘Alcoholic beverages and tobacco,’ Furnishings, household equipment and routine household maintenance’ and ‘Health’ each increased by 0.1 points.
On the downward trend, ‘Food and non alcoholic beverages’ decreased by 2.3 index points to reach 104.2 points. Additionally, ‘Restaurants and hotels,’ ‘Clothing and footwear,’ ‘Miscellaneous goods and services’ and ‘Communication’ declined by 0.3 index points to hit 111.4, 110.0, 104.9 and 99.1 points respectively.
Finally, the headline inflation rate for the twelve months ending October 2014 works out to 3.8%, compared to 3.4% for the twelve months ending October 2013.