Mauritius Inflation Little Changed at 18-Month Low

Mauritius’s annual inflation was little changed in April at the lowest since October 2010.

The inflation rate fell to 3.84 percent in April from 3.85 percent in March, the Port Louis-based Statistics Mauritius said on its website today. Prices rose 0.2 percent from the previous month. The average headline inflation rate for the 12 months through April declined to 5.6 percent from 5.9 percent.

The Bank of Mauritius has cut its key interest rate by 0.6 percentage point since the start of December to 4.9 percent as it seeks to boost economic growth. Mauritius’s $9.8 billion economy may grow 3.6 percent in 2012, the slowest pace for three years, according to the official data agency.

“The inflation rate provides leeway to leave the interest rate on hold,” said Swadicq Nuthay, an economist at city-based Axys Capital Management Ltd., in a phone interview.

The rupee fell 0.2 percent to 29.20 per dollar as of 10:45 a.m. in Port Louis today.

To contact the reporter on this story: Kamlesh Bhuckory in Port Louis at kbhuckory@bloomberg.net.

To contact the editor responsible for this story: Antony Sguazzin at asguazzin@bloomberg.net.

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