Inflation rate increases by 3.4 percent

The Department of National Planning has said in its monthly Consumer Price Index (CPI) Report that the inflation rate of the Maldives rose by 3.4 percent between September 2012 and September 2013.

The report states that between August 2012 and August 2013, inflation rate increased by 2.51 percent.

CPI rose 0.88 percent in September 2013, and 0.17 percent in August 2013. Excluding the rise in the price of fish, CPI rose 0.78 percent in September 2013 and 0.05 percent in August 2013.

The most significant price increases in September 2013 were from medical services (+21.69 percent), vegetables (+12.19 percent), fish (+1.96 percent), milk, cheese and eggs (+1.10 percent), actual rentals paid by tenants (+0.44 percent) and furniture and furnishings (+2.39 percent).