WASHINGTON: The inflation rate of the Maldives decreased to 0.10 percent last January, statistics show. According to the statistics of January’s inflation released by the National Bureau of Statistics, the inflation rate for last December was at 0.52 percent. The rate for January sans changes to cost of fish stands at 0.10 percent, whereas the rate was 0.15 percent in December.
Statistics show that the greatest drop in prices January were for petrol and diesel in accordance with decrease in global oil prices. Petrol prices dropped by MVR 1.20 to MVR 10 per litre and diesel prices by MVR 1 to MVR 9.80 in January. This is an overall decrease of 9.94 percent in prices.
The second largest decrease in prices was for vegetable with a drop of 7.50 percent. Meanwhile, prices for fish products dropped by 1.52 percent, electricity by 1.30 percent, events by 1.87 percent, tobacco by 0.33 percent, fats and oils by 0.73 percent, and bread and cereals by 0.14 percent.
Statistics show that the greatest increase in inflation for January were for daily room rents, followed by tertiary education, and pre-school and primary schools.
