News

Inflation rate increases in August

National Bureau of Statistics (NBS) has shown the inflation rate of Maldives increased by 1.38% in August compared to July this year.

The inflation rate of Maldives in July stood at 0.54%, while the prices of goods and services increased in Male' region by 1.52% and 1.25% in the atolls, according to statistics published by NBS. The statistics also showed prices of goods and services decreased by 0.32% in July, while the amount increased to 1.42% in August.

NBS attributed changes in prices to global price shifts and fluctuations in global oil prices.