Inflation rate in Mal

Inflation rate in Malé, the capital and the most populous City of the Maldives, has been recorded at 15.05 per cent.

Consumer Price Index (CPI) published by the Department of National Planning (DNP) for the last month showed that inflation rates for the month of April, in Malé, was at 14.98 per cent. The Index also showed that for the past four months of the year, inflation in Malé was at 15.05 per cent.

According to the Statistics published today by the DNP, tobacco products have recorded the highest rates of inflation. Their prices rose during the year by some 84 per cent. Inflation rates for fish products were recorded at 58 per cent. Those for cafes and restaurants were recorded at 32 per cent.

According to DNP Report, prices of transportation also rose by some 25 per cent. Rent rates, and prices for house repair and maintenance rose by 15 per cent.

Among commonly used products, chili, Milo, chicken, pineapple, and areca nuts, among other things, saw price increases during the past four months. While ticket prices for international flights dramatically increased, cement was identified as having had the biggest price jump among construction material.