Country Report Maldives April 2019

Outlook for 2019-20: Inflation

In 2018 consumer prices contracted by 0.1% on average. We expect consumer price inflation to remain in negative territory during the forecast period, owing in part to the influence of the peg between the rufiyaa and the US dollar, and softer global oil prices. We forecast that the average annual rate of inflation will average -0.5% in 2019-20.

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