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Friday, the Central Statistical Office reported that the headline inflation rate for Mauritius slowed to 5.2% in August from 6.1% in July. This is the rate for the twelve months ending August 2009. A year ago, the rate was 9.5%.
Month-on-month, consumer prices were down 0.3% in August, in contrast to a 0.7% rise in the previous month. The main contributors to the decline were milk, gasoline and diesel oil prices.
From July to August, transport costs were down 2.2% and communication charges fell 0.3%.
The Mauritian central bank expects inflation, measured by both the average and year-on-year methodologies, to converge to around 4% in the course of 2009.
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