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

South Africa President Cyril Ramaphosa hosts the G20 Summit. Photo: G20 Summit Flickr
Africa’s new mineral deal: will G20 South Africa rewrite the rules?
Read More »
South Africa's manufacturing sector takes a dip. Photo by Sam Moghadam @ Unsplash
South Africa cuts interest rates as inflation eases and rand strengthens
Read More »
Mr. Denys Denya, Senior Executive Vice President at Afreximbank @ Afreximbank
Afreximbank posts strong nine-month earnings as assets rise to $42.9bn
Read More »

Recent Politics

South Africa President Cyril Ramaphosa. Photo: G20 Summit Flickr
“We’ll not be bullied” - Ramaphosa defies US boycott at G20 Summit
Read More »
Nnamdi Kanu (in trademark white turtle neck shirt) in court | File photo @ The Cable
Nigeria jails separatist leader Nnamdi Kanu for life, deepening tensions
Read More »
Fishing near the Indian Ocean. Photo by Egle Sidaraviciute @ Unsplash
Uganda’s Museveni sparks regional tensions with Indian Ocean claim
Read More »

Latest Posts

Latest news insights