The inflation rate of Maldives has increased by 1.29% in annual terms according to the country’s National Bureau of Statistics, from December 2018 to December 2019. The changes to inflation marked from November 2018 to November 2019 shows an increase of 0.54%.
Major categories where price increase were significant included vegetables at 21.17% and communication (mobile phone) category increased by 2.10% in all base prices while there was an increase of 1.56% in meat.
On the other hand, price deflation were observed in the category of fish, fruits and home appliances.
While fish prices dropped by 1.19% and fruits by 1.71%, audio and video recording equipment observed a 2.50% drop in base prices. Motorbikes and accessories observed a 0.54% drop while other communication equipment and services saw an overall decrease of 0.69%.