Maldives inflation rises by 2.51 percent over the past twelve months

Statistics published by the Department of National Planning has revealed that the Maldives experienced an increase of 2.51 percent in inflation during the past 12 months.

The Consumer Price Index (CPI) published by the department on the 30th of September shows the index rose 0.17 percent for all groups in August 2013, compared to the rise of 1.17 percent in July 2013.

The numbers show that the index for food and non-alcoholic beverages increased by 5.69 percent over the past 12 months, with an increased 0.22 percentage change between July 2013 and August 2013.

Over the 12 months until August 2013, the index for eggs and potatoes increased by 6.46 percent and 6.44 percent respectively.

The consumer price index for the group of restaurant and hotel rose by 14.50 percent over the last twelve months, with the group of housing, water, electricity, gas and other fuels also seeing an increase of 2.88 percent during the same period.

For atolls, the largest contributor to the rise in CPI was food & beverages, recorded at 1.32 percent.

The groups saw a decrease in the index over the twelve months, until August 2013, include the the group of furnishing household equipment and routine maintenance of the which fell by 2.32 percent, and the group of tobacco and arecanut, which fell by 1.82 percent.