Mauritius sees year-on-year inflation rise to 0.7% in Jan as food prices increase
On percentage change in index between December 2014 and January 2015 under various categories, ‘food and non-alcoholic beverages’ saw the highest increase at 8.5%. (Image: Highlife.ba)
Mauritius saw year-on-year inflation rise to 0.7% in January from 0.2% in the previous month, as prices of food and beverages rose, according to data released by Statistics Mauritius this week.
Meanwhile, on percentage change in index between December 2014 and January 2015 under various categories, ‘food and non-alcoholic beverages’ saw an 8.5% increase, ‘alcoholic beverages and tobacco’ rose 0.6%, ‘clothing and footwear’ went up by 0.2%, ‘housing, fuel and electricity’ went up by 0.3%; ‘furnishings, household equipment and routine household maintenance’ went up by 1.7%; health expenses went up by 1.9%; and, education & recreation also rose by 0.9% and 0.4% respectively.
Also, Statistics Mauritius noted that headline inflation rate for the twelve months ending January 2015 works out to 2.8%, compared to 3.7% for the twelve months ending January 2014.
Further, the Statistics Division of the Bank of Mauritius revealed on February 12, 2015 that for the twelve-month period ended January 2015, CORE1 inflation stood at 2.2 per cent, down from 2.6 per cent for the twelve-month period ended December 2014.
On a yearly comparison we can note that the CORE1 inflation has decreased as last year at the same period, January 2014, it was set at 2.8 percent.
CORE1 excludes “Food, Beverages and Tobacco” components and mortgage interest on housing loan from the CPI basket.
CORE2 inflation, on the other hand, went down from 3.1 per cent for the twelve-month period ended December 2014 to 2.9 per cent for the twelve-month period ended January 2015.
Once again on a yearly comparison we can note that CORE2 inflation decreased compared to January 2014 when it stood at 2.6 per cent.
CORE2 again excludes Food, Beverages, Tobacco, mortgage interest, energy prices and administered prices from the CPI basket.
In addition, TRIM10 inflation, which trims 5% of the most volatile items in the Consumer Price Index (CPI) on both sides of the distribution, stood at 2.2 per cent in January 2015, down from 2.5 per cent in December 2014. A year earlier, TRIM10 inflation stood at 3.1 per cent.
It may be noted that, effective April 2013, core inflation data is compiled using the new basket of goods and services derived from the 2012 Household Budget Survey.