Mauritius September inflation up year-on-year to 3.3%
As Mauritius’ year-on-year inflation rate went up from 3.1% in August to 3.3% in September, a 0.5% gain in cost of food and non-alcoholic beverages fuelled the price rise. (Source: blog.getaway.co.za)
Mauritius’ year-on-year inflation rate for September 2013 went up moderately to 3.3%, as against 3.1% in August 2013, figures released on Monday by Statistics Mauritius showed.
It may be noted that the year-on-year inflation rate, as measured by the consumer price index (CPI), is used by policymakers to determine monetary policy.
The main standalone commodities fuelling the change between the two months were milk (up 0.1 percent), vegetables (down 0.1 percent) and other food products (up 0.2 percent). Prices of air tickets went down 0.1 percent while that of ‘other goods and services’ saw a 0.1 percent rise.
In terms of commodity aggregates, the monthly change in prices was influenced by a 0.5 percent gain in the cost of food and non-alcoholic beverages, a similar increase in prices of furnishings and household equipment, and a 0.4 percent rise in prices at restaurants and hotels. Clothing and footwear prices increased 0.6 percent sequentially.
On the other hand, transportation costs decreased by 0.6 percent during the month, data showed. Communication costs also declined by 0.3 percent from August to September 2013.
Moving from the year-on-year inflation rate to the annual average inflation rate, the data on this front augured well for the island nation. The headline inflation rate for the twelve months ended September 2013 worked out to 3.5%, the same as that for August, showing that the island nation has succeeded in stabilizing prices.
Source: Statistics Mauritius