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Mauritius October Inflation Accelerates to 9-Month High

Nov. 6 (Bloomberg) -- Mauritius’s annual inflation rate advanced for a second straight month in October, reaching the highest level since January, as milk and motor vehicles prices rose.

Inflation accelerated to 4.2 percent from 3.9 percent in September, the Port Louis-based Statistics Mauritius said in a statement on its website today. Prices rose 0.2 percent during the month, it said.

The average inflation rate for the 12 months through October, a measure used to determine annual wages, declined to 4.3 percent from 4.4 percent in September, according to the data agency.

The Bank of Mauritius’s Monetary Policy Committee is scheduled to meet on Nov. 26. The committee has cut the interest rate by 50 basis points or 0.5 percentage point this year. At its Sept. 24 meeting, the rate was maintained at 4.9 percent.

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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