In a recent economic update, the Consumer Price Index (CPI) of Mauritius has risen to 2.70% in July 2024, marking a significant increase from the 2.20% recorded in the previous month of June 2024. The data, updated on August 7, 2024, brings into focus a noticeable month-over-month inflationary surge.The adjustment in CPI indicates that prices have been rising faster in comparison to the same month last year. This year-over-year comparison highlights the growing cost pressures faced by Mauritian consumers. The June figure of 2.20% was already a point of concern, and the further rise to 2.70% in July suggests an acceleration in inflation.As policymakers and economists analyze these trends, the focus will likely be on identifying underlying causes, such as supply chain issues, increased demand, or external economic pressures. This upward trajectory in CPI will be a critical factor in future fiscal and monetary policy decisions in Mauritius.The material has been provided by InstaForex Company – www.instaforex.com
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