The Maldives Monetary Authority reported that inflation fell to 0.6 percent in the first quarter of 2024, down from 2.3 percent in the same period of 2023. Lower energy and accommodation prices drove the decline, while food prices rose 5.4 percent, with meat up 9.9 percent and vegetables up 17.2 percent.
Tracked 8.4 percent Fuel and gas prices5.4 percent Food prices
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Inflation stood at 2.3 percent in Q1 2023, the MMA said in its quarterly economic bulletin — the ratio fell to 0.6 percent over the same period this year.
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Inflation stood at 2.3 percent in Q1 2023, the MMA said in its quarterly economic bulletin — the ratio fell to 0.6 percent over the same period this year.
Word for word from the report in Maldives Republic. Open the report
However, food prices rose 5.4 percent in Q1 2024, while communications prices fell.
Word for word from the report in Maldives Republic. Open the report
Fuel prices dropped 8.4 percent in Q1 2024 compared to the same period in 2023.
Word for word from the report in Maldives Republic. Open the report
Inflation stood at 2.3 percent in Q1 2023, the MMA said in its quarterly economic bulletin — the ratio fell to 0.6 percent over the same period this year.
Word for word from the report in Maldives Republic. Open the report