1.4 percent inflation rise in January

Central bank – Maldives Monetary Authority (MMA) has said that inflation rate on goods and services in Male’ City on January rose 1.4 percent compared to that in January, 2015.

In MMA’s economic review report for February, the institution identified the main factors leading to the inflation rate rise to increase in price of household items and education.

MMA noted that there was also a slight increase in inflation rate of goods and services in Male’ City when compared on a monthly basis.

Inflation rate in December, 2015 was at 1.2 percent.

Inflation rate had gone down by 0.5 percent in December, 2015 and then rose 0.1 percent in January, 2016.