Maldives Monetary Authority has claimed that while inflation rate is expected to hike earlier next year, but will recede and remain constant in each quadrant.
MMA released third quarter report for 2017 had shown inflation remained at 2.9% while the rate is expected to increase to 3.5%. However the rate will slide down to 3.1% in second quarter and would recede further down to 2.9% by third quarter and will remain constant til the end of 2018.
Finance Minister Ahmed Munavvar while announcing the 2018 budget at parliament said the inflation rate had stayed at 3.4% in average while it would be at 3.1% in average next year.
According to National Planning's statistics, the inflation rate stayed at 0.52% during the month of September.
