The annual inflation rate in Seychelles dropped to 3.38 percent in December 2018 from 3.69 percent in the prior month. It is the lowest inflation rate since September, as prices rose less for non-food products (4.44% vs 4.51% in November), namely housing & utilities (13.30% vs 13.54%); transport (16.12% vs 17.75%) and health (3.58% vs 3.84%). In addition, cost continued to fall for clothing & footwear (-2.32% vs -2.35%); furniture & household equipment (-0.14% vs -0.06%) and recreation & culture (-0.74% vs -2.06%). On the other hand, inflation picked up for fish (7.64% vs 5.16%) while prices fell further for other food (-3.39% vs -1.48%), mostly meat (-10.30% vs -4.77%); fruits (-4.64% vs -1.51%) and vegetables (-3.43% vs -1.12%). On a monthly basis, consumer prices were flat, after decreasing 0.2 percent in the previous month Inflation Rate in Seychelles averaged 7.59 percent from 2003 until 2018, 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.
Inflation Rate in Seychelles is expected to be 2.90 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 2.50 in 12 months time. In the long-term, the Seychelles Inflation Rate is projected to trend around 4.40 percent in 2020, according to our econometric models.