The annual inflation rate in Seychelles stood at 2% in April 2019, the lowest level since March 2017, unchanged from the prior month. Prices rose less for housing & utilities (8.5% vs 9.2% in March) and they advanced at the same pace for miscellaneous goods & services (at 2.7%) and education (at 8.2%). In addition, cost fell for transport (-0.7%, the same pace as in March); communication (-0.1%, after being flat in March); furnishings (-0.7% vs -1.5%); recreation & culture (-1.5% vs -2.8%); clothing & footwear (-2%, the same pace as in March) and restaurants & hotels (-0.4% vs 1.6%). Also, prices continued to decline for other food (-2.6% vs -2.7%) and they slowed markedly for fresh fish (4.8% vs 12.5%). On a monthly basis, consumer prices went up 0.2 percent, following a 0.1 percent increase in the prior month. Inflation Rate in Seychelles averaged 7.46 percent from 2003 until 2019, reaching an all time high of 63.25 percent in December of 2008 and a record low of -5.54 percent in March of 2010.
Inflation Rate in Seychelles is expected to be 1.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Seychelles to stand at 3.20 in 12 months time. In the long-term, the Seychelles Inflation Rate is projected to trend around 3.40 percent in 2020, according to our econometric models.