Country Report Maldives July 2019

Outlook for 2019-20: Inflation

In 2018 consumer prices contracted by 0.1% on average. We expect consumer price deflation to persist in the forecast period, due in part to the influence of the peg between the rufiyaa and the US dollar, as well as softer global oil prices. We forecast that consumer prices will deflate by 0.5% a year on average in 2019-20.

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