Inflation for Q1 2024 Down Over Q1 2023
Maldives Monetary Authority (MMA) data shows inflation fell to 0.6% in Q1 2024 from 2.3% in Q1 2023, due to lower energy and accommodation prices. Food prices rose 5.4% (meat +9.9%, vegetables +17.2%). Energy-related services -3.8%, telecoms -11.1%, fuel -8.4%. Subsidy during Ramadan reduced water/sewerage prices by 2.5%.
Maldives Monetary Authority (MMA) data shows inflation fell to 0.6% in Q1 2024 from 2.3% in Q1 2023, due to lower energy and accommodation prices. Food prices rose 5.4% (meat +9.9%, vegetables +17.2%). Energy-related services -3.8%, telecoms -11.1%, fuel -8.4%. Subsidy during Ramadan reduced water/sewerage prices by 2.5%.
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Maldives Monetary Authority (MMA) data shows inflation fell to 0.6% in Q1 2024 from 2.3% in Q1 2023, due to lower energy and accommodation prices. Food prices rose 5.4% (meat +9.9%, vegetables +17.2%). Energy-related services -3.8%, telecoms -11.1%, fuel -8.4%. Subsidy during Ramadan reduced water/sewerage prices by 2.5%.
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Focus: Inflation for Q1 2024 Down Over Q1 2023
Unique detail: Inflation for Q1 2024 Down Over Q1 2023
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