The annual inflation rate in Mauritius climbed to 1.8 percent in August 2019, the highest level since last December, from 0.8 percent in July, mainly due to rising prices of food & non-alcoholic beverages (5.8 percent vs 3.1 percent in July). Additional upward pressure came from alcoholic beverages & tobacco (1.6 percent vs 1.1 percent); furnishings (2.2 percent vs 1.6 percent); miscellaneous goods & services (1.2 percent vs 0.6 percent) and clothing & footwear (3.4 percent vs 3.2 percent). Meanwhile, prices fell for housing & utilities (-0.5 percent vs -0.6 percent) and transport (-1.2 percent vs -2.8 percent); recreation & culture (-4 percent, the same pace as in July) and communication (-0.1 percent, the same pace as in July). On a monthly basis, consumer prices were up 0.3 percent, after being flat in the previous month Inflation Rate in Mauritius averaged 5.96 percent from 1988 until 2019, reaching an all time high of 18.10 percent in April of 1989 and a record low of -1.40 percent in March of 2019.
Inflation Rate in Mauritius is expected to be 2.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Mauritius to stand at 1.00 in 12 months time. In the long-term, the Mauritius Inflation Rate is projected to trend around 1.70 percent in 2020, according to our econometric models.