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AfricaMoney | August 24, 2017

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Price alert: Mauritius’ November inflation slightly up at 3.5 pct

Price alert: Mauritius’ November inflation slightly up at 3.5 pct

The main contributors to price rise between October and November 2013 were vegetables, alcoholic beverages, cigarettes and motor vehicles. (Image: Mauritius attractions)

The cost of living for the common man increased between October and November as annual average inflation measured by Statistics Mauritius edged up to 3.5 percent in November from 3.4 percent in October.

The main contributors to the change in the index between October and November 2013 were vegetables, followed by alcoholic beverages, cigarettes and finally, motor vehicles.

Alcoholic beverages and tobacco contributed to the maximum rise in prices (5.3% increase in index between October and November), on the back of increase in excise duty at 5% for alcohol and tobacco products under Budget 2014.

Further, food and beverages also contributed to a 1.2% increase in index between October and November, while transportation services also contributed to price rise with a 1.0% increase in index between the two months.

Moreover, the year-on-year rate of inflation that is used by policymakers to determine monetary policy, rose to 3.9 percent for the period from November 2012 to November 2013 compared to 3.4 percent for the period from October 2012 to October 2013, Statistics Mauritius said.

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