The annual inflation rate in Mauritius increased to 2.8 percent year-on-year in October of 2018 from 1.9 percent in the previous month. It was the highest inflation rate since April, as prices rose faster for both transport (6 percent from 4.5 percent) and miscellaneous goods and services (1.8 percent from 1.3 percent). Additionally, prices fell less than in a month earlier for housing and utilities (-0.3 percent from -2.8 percent). Meantime, inflation was steady for food and non-alcoholic beverages (at 3.9 percent); clothing and footwear (at 1.4 percent); recreation and culture (at 0.4 percent), and restaurants and hotels (3.2 percent). On the other hand, inflation eased for health (3.1 percent from 3.9 percent). Meanwhile, prices of communication continued to fall (-0.9 percent, the same pace as in the prior month). On a monthly basis, consumer prices went up 0.4 percent, after a 0.1 percent gain in the previous month. Inflation Rate in Mauritius averaged 6.11 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 1.70 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 2.80 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.