Inflation continues its upward curve. In its latest statement made public this Thursday, September 8, Statistics Mauritius reveals that overall inflation rose from 8.4% in July to 8.8% in August. As for year-on-year inflation, it stood at 11.5% in August against 11% in July. Other information revealed: the consumer price index rose 0.3% from 124 points in July to 124.4 points in August.
Here are the fluctuations that weighed on the price index between July and August.
Products/Services – Change in Price Index
Meat: +0.1
Vegetables: +0.1
Powdered milk: +0.1
Other food products: +0.1
Whisky : -0,1
Other goods and services: +0.1
Good to know :
Two indicators are used to measure inflation. First, there is headline inflation, which measures the average change in prices over a 12-month period. The second indicator, namely year-on-year inflation, measures the increase in prices over a specific month compared to the corresponding period the previous year.