The rate of inflation, measured by the annual percentage change in the national CPI decelerated to 2.5% in July 2022, reports Maldives Monetary Authority (MMA).
Maldives inflation registered the decline from 5.2% from the national Consumer Price Index (CPI) in June 2022. MMA reports the top contributors to inflation rate during July 2022 include;
- Fish: 0.4%
- Petrol (personal transport): 0.4%
- Meat: 0.3%
- Medicine: 0.2%
- Passenger transport (air): 0.2%
- Oils and Fats: 0.2%
- Mobile communication services: -0.9%
- Vegetables: -0.1%
Monthly percentage change in national CPI decelerated to 0.15% in July 2022 from 0.45% in June 2022. Largest contribution to the monthly rate of inflation came from;
- Oils and fats: 0.6%
- Passenger transport (road): 0.04%
- Vegetables: 0.03%
- Non-durable household goods: 0.02%
- Mobile communication services: -0.11%
- Major household appliances: -0.02%
- Narcotics: -0.01%