Search

Seychelles Slips Into Deflation as Consumer Prices Drop in February

People shopping tropical fruits at Victoria market, Mahe island, Seychelles. © Delphotos / Alamy Stock Photo
  • Inflation rate falls to -0.09% in February from 0.97% in January
  • Decline driven by lower fish, vegetable, and energy costs

Consumer prices in Seychelles fell into deflationary territory in February, with the year-on-year inflation rate dropping to -0.09% from 0.97% in January, data from the country’s Bureau of Statistics showed on Friday. The decline was driven by falling costs for fresh fish, vegetables, fruits, oils, and fats, alongside lower housing, electricity, gas, and transport prices.

Recent Business

olumide-bamgbelu-Ciba8rvHYng-unsplash
Can Africa’s $2tn instant payments boom transform its digital economy?
Read More »
Langstrand, Namibia. Photo by Grant Durr @ Unsplash
Namibia holds rates at 6.50% as inflation steadies but producer costs surge
Read More »
Farm produce being exported. Photo by Shelley Pauls @ Unsplash
Rwanda’s horticulture exports up 27% to give economy $54mn boost
Read More »

Recent Politics

William Ruto, President of The Republic of Kenya. Photo: @ William Ruto/Facebook
Ruto strengthens 2027 re-election bid as UDA sweeps key Kenya by-elections
Read More »
Ghana President John Mahama. Photo courtesy: Office of the President/Facebook
Ghana’s $1.1bn presidential jet plan reignites debate over cost and priorities
Read More »
Tilembeya, Mopti, Mali. Photo by Kagou Dicko @ Unsplash
IMF backs Mali reforms despite insecurity and debt risks
Read More »

Latest Posts

Latest news insights