The Maldives has recorded a rise in inflation in November this year.
According to the National Bureau of Statistics (NBS), the Consumer Price Index (CPI) saw an inflation increase of 4.05 percent in November compared to the same period last year.
The prices of goods and services increased by 2.47 percent in November compared to October. Excluding changes to fish prices, the percentage is at 2.62.
The highest hike in price was recorded for cigarettes.
Goods and services that saw price increases:
Cigarette: 98.12 percent
Restaurant and cafe’ services: 15.81 percent
Sea transport: 5.13 percent
Electricity: 0.80 percent
Footwear: 2.66 percent
Fruits: 0.64 percent
Clothes: 0.94 percent
Among goods and service prices that saw a decline includes mobile communication services, which saw a 2.76 percent decreased, and vegetable prices which went down by 1.94 percent. Additionally, motorcycle prices also went down by 1.30 percent.
The CPI report also indicates that fish prices also decreased by 0.36 percent.
Hulhumale Market | Photo: AVAS
