Report: Ayya
Statistics of Planning Ministry has shown that inflation in Male’ had risen by 0.6% from October to November 2007. Without including the price of tuna, inflation in Male’ was 2%. Price of tuna fell in November when compared to October.
When looked into various products, prices had risen mainly from Food items. This includes price of some vegetables, powder milk products and some bakery products. Price of Onion, Cucumber, Coast Milk, Anchor milk, Nido Milk, bread, butter, buns and chilly had risen by up to 10% from October to November.
Inflation on food items rose by 1.5%, but excluding tuna it was 6.8%. During November, tuna prices fell by 24% on average and so, inflation rate fell by 16%.
When compared to that of the previous year, inflation during last year’s November had risen by 9%, but when tuna is excluded, inflation rate was 6.8%. The reason for this is that tuna prices rose this year by 75% when compared to that of last year.
When compared to December 2005 to November 2006 and December 2006 to November 2007, inflation rose by 6.39%. But when tuna is excluded, inflation rate was 4.7% as price of tuna rose by 44& compared to the two time periods.
CPI is an indicator used to determine changes in market price.
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