The annual inflation rate in Seychelles rose for the tenth straight month to 9.6% in March of 2021, reaching its highest level since October of 2009. Food inflation, excluding fresh fish peaked to an over 11-year high of 19%, mainly pushed up by prices of meat (36.6%), oils and fats (24%), vegetables (23%) and sugar, jam, honey and confectionery (20.3%). Costs also advanced faster for non-foo products (8.4% vs 7.4% in February), in particular those of health (20.6%), furnishings (18.3%), transport (13.7%), recreation & culture (12.8%) and alcoholic beverages (10.8%). Meanwhile, fresh fish prices declined 5%, after a 4.9% rise in the previous month. On a monthly basis, consumer prices were up 0.8%, following a 1.1% increase in the preceding month. source: National Bureau of Statistics, Seychelles
Inflation Rate in Seychelles averaged 6.83 percent from 2003 until 2021, 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. This page provides - Seychelles Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Seychelles Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on May of 2021.
Inflation Rate in Seychelles is expected to be 9.10 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 4.50 in 12 months time. In the long-term, the Seychelles Inflation Rate is projected to trend around 1.80 percent in 2022 and 2.00 percent in 2023, according to our econometric models.