The annual inflation rate in Mauritius fell to 1.8 percent in December of 2018 from 2.8 percent in the previous month. It was the lowest inflation rate since August, as prices slowed for food & non-alcoholic beverages (2.3 percent from 5.2 percent in November); transport (4.8 percent from 6.0 percent); furnishings & household equipment (0.6 percent from 2.0 percent); recreation & culture (0.1 percent from 1.0 percent) and health (2.9 percent from 3.1 percent). Also, cost continued to decline for housing & utilities (-1.0 percent, the same as in November) and communication (-1.1 percent). Meanwhile, prices advanced further for clothing & footwear (2.3 percent from 2.2 percent); restaurants & hotels (3.2 percent from 2.9 percent) and miscellaneous goods & services (1.4 percent from 1.3 percent). Additionally, inflation was steady for education (3.8 percent, the same as in November). On a monthly basis, consumer prices went down 0.4 percent, after a 0.4 percent gain in the prior month. Inflation Rate in Mauritius averaged 6.09 percent from 1988 until 2018, reaching an all time high of 18.10 percent in April of 1989 and a record low of -1 percent in January of 1992.
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 1.50 in 12 months time. In the long-term, the Mauritius Inflation Rate is projected to trend around 2.00 percent in 2020, according to our econometric models.