Maldives Inflation rate falls by 3.6%

Maldives inflation rate has fallen by 3.6 so far, according to reports released by National Bureau of Statistics.

Reports depicts that inflation rate till the month of April has fallen in comparison to last year.

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In month of March, inflation rate was 1.1% while in the April month it was 3.2%.

The most significant falls in prices include electricity charges which fall by 40% and water charges which fall by 30%. Government reduced electricity and water charges to help public during the COVID-19 crisis.

Also, rent has fallen by 5% and charges related to telecommunication fell by 4%.

However, the prices of fruits and vegetables have rose in April.

Due to spread of COVID-19 and precautionary measures, majority of public has opted for only necessary purchases during the time.   

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