Male

The inflation rate of Male’ for last month stood at 15.04 percent.

Statistics announced by the Department of Planning shows that according to the Consumer Price Index (CPI), which measures the inflation rate, the inflation rate for Male’ stood at 15.04 percent for August 2012, which is an increase of 11.61 percent when compared with that for the previous month.

The inflation rate for July 2012 was 14.94 percent.

The largest price increases were observed in fish products, tobacco, garments, and services at restaurants and cafes.

Tobacco prices had increased by 71 percent, fish products prices had increased by 68 percent and restaurant and cafe priced had increased by 32 percent.

At the beginning of 2012, the inflation rate stood at 12.25 percent.

It decreased in May and July 2012, as a result of the exemption of several fish products from export duty.

The main reasons behind price increases are changes in the price of dollar and increases in product prices in the world market.