Statistics Mauritius has released its report on inflation and the consumer price index. The document shows that inflation was 11% in July 2022 compared to 6.5% in July 2021 It is to be noted that also that the last 12 months ending July 2022, the inflation rate is 8.4% against 2.6% for the 12 months ending July 2021. The consumer price index also rose in July, from 122.1 to 124, an increase of 1.9 points or 1.6 percent. This increase is mainly attributed to the rise in the price of edible oil.
Headline inflation for the 12-months ending July 2022 worked out to 8.4%, compared to 2.6% for the 12-months ending July 2021. 3. Y-o-y CORE1 inflation stood at 10.5% in July 2022, compared to 4.9% in July 2021 while, y-o-y CORE2 inflation worked out to 8.3% in July 2022, compared to 5.0% in July 2021. 4. CORE1 inflation for the 12-months ending July 2022 stood at 7.1%, compared to 3.0% in July 2021. Similarly, CORE2 inflation for the 12-months ending July 2022 worked out to 6.1%, compared to 4.0% in July 2021.
CORE1 excludes food, beverages and tobacco components and mortgage interest on housing loan from headline inflation. 4. CORE2 excludes food, beverages and tobacco, mortgage interest on housing loan, electricity, gas, other fuels, and items whose prices are controlled from headline inflation.
