Tag: consumer price index

Maldives monthly inflation increases by 0.12 percent

Monthly inflation in the Maldives has increased by 0.12 percent according to statistics from the Department of National Planning.

Figures show that the consumer price index – a measure showing changes in the price level of consumer goods – saw an overall rise of 0.12 percent in January 2013, compared to 0.39 percent in December 2012, local media reported.

In January, inflation in the education sector rose by 4.58 percent, while an increase of 2.12 percent inflation was attributed to the health sector.

The most significant price falls recorded in January were from information processing equipment and vegetables, a reduction of 8.65 percent and 2.96 percent respectively.

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Household expenses survey concluded

The third and final round of a nation-wide household expenses survey has been completed by the department of national planning.

According to Voice of Maldives, 440 households in 11 islands were maintaining expenses diaries for the last stage of the survey.

State Minister for Finance and Treasury Aslam Shakir, currently in charge of the planning department, said the purpose of the survey was to track changes in the price of goods and services for the consumer price index. The survey would also reveal levels of poverty and national productivity.

The results of the study will be compared to a baseline of five years ago. The final report is due in December this year.

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