Seychelles inflation rises to 7.0 pct in April

Mon May 7, 2012 5:57am GMT
 

VICTORIA (Reuters) - Consumer prices in Seychelles rose 1.3 percent in April from the previous month increasing the year-on-year inflation rate to 7.0 percent, official data showed on Monday.

The National Bureau of Statistics said fish prices fell from a month earlier, but other food costs rose 1.1 percent and non-food items climbed 1.9 percent, boosted by a 4.9 percent increase for alcoholic beverages and a 4.6 percent rise for transport.

The year-on-year inflation rate was unchanged at 5.8 percent in March compared with the previous month.

The year-on-year inflation rate in Seychelles surged as high as 63.3 percent after the Indian Ocean country removed currency controls as part of an IMF rescue package in 2008.

The rate has been relatively subdued since October 2009 when it stood at 25.6 percent, and the March data ended a string of six rises in a row for the headline rate.

A woman shops at a supermarket in Nairobi October 23, 2008. REUTERS/Antony Njuguna

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