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Lower-Than-Expected Inflation in 2023; Projections for 2024 Highest Since 2013
Data from the Maldives Bureau of Statistics shows 2023 inflation came in at 2.02 percent year-on-year in December, well below the Maldives Monetary Authority's 5.4 percent projection, with communications prices falling 10.6 percent. Ministry of Finance projections put 2024 inflation at 1 percent, or 3.9 percent if the blanket subsidy is replaced by a targeted subsidy policy, the highest price increase since 2013.
Sources1carried itMR1 of 19 news outlets we monitor
Figures8as written, with their sentences
One outlet so far Only Maldives Republic has reported this among the sources we monitor. A gap in what we monitor, not proof that others did not report it.
How the reporting differs
one source so far
Maldives RepublicNews outlet
Lower-Than-Expected Inflation in 2023; Projections for 2024 Highest Since 2013
Nothing to compare yet. If another monitored source reports it, its headline appears beside this one.
Figures in these reports
as written, with the sentence they come from
8 percentGoods and Services Tax rateMaldives Republicwhile inflation was initially expected to be at 5.4 percent last year following the increase of Goods and Services Tax (GST) to 8 percent
Word for word from the report in Maldives Republic. Open the report
0.39 percentCPI monthly price rise in DecemberMaldives Republicshowed prices rose 0.39 percent during December with inflation at 2.02 percent on a year-on-year basis
Word for word from the report in Maldives Republic. Open the report
2.02 percentYear-on-year inflationMaldives Republicshowed prices rose 0.39 percent during December with inflation at 2.02 percent on a year-on-year basis
Word for word from the report in Maldives Republic. Open the report
5.4 percentMMA projected inflationMaldives Republicsignificantly lower than the 5.4 percent the Maldives Monetary Authority (MMA) had projected in its budget advice before the start of the year
Word for word from the report in Maldives Republic. Open the report
3.3 percentMMA revised mid-year inflation forecastMaldives Republicit was also lower than the MMA's revised mid-year forecast of 3.3 percent
Word for word from the report in Maldives Republic. Open the report
2.6 percentInflation in third quarterMaldives Republicwith inflation standing at 2.6 percent in the third quarter (Q3) in September, remaining stable over the next two months.
Word for word from the report in Maldives Republic. Open the report
10.6 percentPrice change in communications sectorMaldives RepublicThe biggest price drop was in the communications sector where prices fell 10.6 percent.
Word for word from the report in Maldives Republic. Open the report
3.9 percentProjected inflation with targeted subsidy policyMaldives Republicif the government proposes to abolish the blanket subsidy and implement the targeted subsidy policy, prices are expected to rise by 3.9 percent.
Word for word from the report in Maldives Republic. Open the report
