Inflation slows in April in Reunion, but consumer prices continue to rise

Inflation slows in April in Reunion, but consumer prices continue to rise
Inflation slows in April in Reunion, but consumer prices continue to rise

The consumer price index increased by 0.2% in April, compared to 0.6% in March. A decline is noted for food and energy, while manufactured products and services are on the rise. Annual inflation slowed in April, after three months at more than 4%.

Year-on-year, inflation slowed in April, rising to 3.6% compared to 4% and more over the first three months of the year. The price index increases more in Reunion, +3.6%, than at the national level, +2.2%.

From +4.2% in January, 4.0% in February and 4.1% in March, inflation rose to +3.6% in April. A slowdown observed, which does not prevent prices from growing more strongly in Reunion than at the national level for all major consumption items, except tobacco.

Over a year, the prices of services increase by 3.3%, rents, water, household waste collection and even transport, accounting for almost half of the consumption of Reunion households. Energy prices are also increasing more significantly in Reunion than nationally over a year, but are slowing down compared to the previous month. An increase driven by those in electricity, +21.7% over one yearwhile the prices of petroleum products fell by 1.9% over one year.

Food prices are still increasing sharply by 8.2%, compared to +1.2% at the national level, which accounts for 16% of household budgets. Prices of fresh products jump over one year in Reunion, +41.1% compared to -0.7% nationally. Those of food excluding fresh products increased by 3.6%, compared to +1.5% nationally.

The consumer price index continues to rise in Reunion, by 0.2% in April after 0.6% in March.

Food products and energy saw their prices fall by 0.8% for the former, after 3 months of increase, and by 0.7% for the latter, after two consecutive months of increase. Gas and electricity prices are stable, while petroleum products are declining. After having increased significantly following the passage of cyclone Belal, the prices of fresh products fall by 7.2%, but products excluding fresh produce continue to increase.

The prices of services increased in April, rent, water and household waste collection, while the prices of transport and health remained stable. Finally, the increase in manufactured products continued in April, +0.5% after +0.9% in March. Clothing and shoes increased by 1.2%.

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