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Overall Inflation Spikes in June; Food Prices See Significant Rises

Maldives Monetary Authority data shows overall inflation rose to 1.4 percent at the end of June 2024, up from 0.8 percent in May, with food prices recording the highest increases since the year began. Traders attributed the price rises mainly to the difficulty of obtaining US dollars, the dollar's appreciation and shipping delays.

Tracked above MVR 18 to US$1 Street dollar rate0.15 percent Electricity and water tariffs

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Sources 1carried it 1 of 19 news outlets we monitor
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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.

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Figures in these reports

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  • 1.4 percent Overall inflation at end of June Maldives Republic Inflation stood at 1.4 percent at the end of June, up from 0.8 percent in May; a month-on-month hike of 0.6 percent.

    Word for word from the report in Maldives Republic. Open the report

  • 0.8 percent Overall inflation in May Maldives Republic Inflation stood at 1.4 percent at the end of June, up from 0.8 percent in May; a month-on-month hike of 0.6 percent.

    Word for word from the report in Maldives Republic. Open the report

  • 0.6 percent Month-on-month inflation hike Maldives Republic Inflation stood at 1.4 percent at the end of June, up from 0.8 percent in May; a month-on-month hike of 0.6 percent.

    Word for word from the report in Maldives Republic. Open the report

  • 0.9 percent Percentage rise in inflation, January Maldives Republic Inflation for the first six months of the year was broken down as: Month Percentage Rise in Inflation January 0.9

    Word for word from the report in Maldives Republic. Open the report

  • 1.1 percent Percentage rise in inflation, February Maldives Republic February 1.1

    Word for word from the report in Maldives Republic. Open the report

  • 0.15 percent Electricity price rise compared to May Maldives Republic Electricity prices rose 0.15 percent compared to May, with both hospital fees and dairy prices rising 0.11 percent.

    Word for word from the report in Maldives Republic. Open the report

  • 0.11 percent Hospital fees and dairy prices rise Maldives Republic Electricity prices rose 0.15 percent compared to May, with both hospital fees and dairy prices rising 0.11 percent.

    Word for word from the report in Maldives Republic. Open the report

  • above MVR 18 to US$1 Parallel market exchange rate Maldives Republic The dollar is now trading above MVR 18 to US$1 in the parallel market, traders say.

    Word for word from the report in Maldives Republic. Open the report

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