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

Sunset at an Industrial Shipping Port for trading. Photo @Pexels
China’s duty-free pivot in Kenya signals Africa trade realignment beyond AGOA
Read More »
The city of Alexandria, Alexandria Governorate, Egypt. Photo by Muhammed Fatih Beki @Pexels
Caught between war and inflation, Egypt pauses rate cuts as risks mount for growth
Read More »
Lagos, Nigeria. © Unsplash
Nigeria banks raise $3.3bn — now the growth gamble begins
Read More »

Recent Politics

Kenya youth protest. Photo by Hassan Kibwana @ Unsplash
Will Kenya's new Gen Z uprising turn voter registration into a global youth political wave?
Read More »
Nigeria young voters protest for reforms. Photo by Ayoola Salako @ Unsplash
Nigeria’s oil paradox in the Iran war: windfall gains, inflation pain
Read More »
A soldier in the war front. Photo by Stijn Swinnen @ Unsplash
Kenya halts recruitment into Russia’s war. Who gains and who loses?
Read More »

Latest Posts

Latest news insights