According to Statistics Mauritius latest monthly bulletin, the overall inflation rate for the twelve months ending March 2023 stood at 11.1%, compared to 6.0% for the twelve months ending March 2022. The headline inflation rate was 10.8% for the year 2022, compared to 4.0% for the year 2021 (Table 5).
The overall inflation rate excluding “alcoholic beverages and tobacco” was 11.0% for the year 2022, compared to 3.7% for the year 2021. The headline inflation rate excluding “alcoholic beverages and tobacco” for the twelve months to March 2023 was 11.4%, compared to 5.7% for the twelve months to March 2022.
The consumer price index, which stood at 127.1 in December 2022, recorded a net increase of 4.0 points (or +3.2%) to 131.1 in March 2023. On a monthly basis, the CPI rose by 1.4 points in January, 2.0 points in February and 0.6 points in March.
The table below compares the inflation rate (measured by the percentage change in the average CPI for a given year compared to the previous year) of Mauritius with those of our main importing countries and selected countries in the region for the year 2022.
Table 1:
