Maldives Food Inflation Falls to 5.6% in August, MMA Data Shows

The Maldives Monetary Authority (MMA) has reported a decline in food inflation for August, with the overall inflation rate dropping to 5.6%. According to the MMA's monthly statistical report, food inflation in the Male region fell to 5.8%, while in the atolls it decreased to 5.4%. This marks a significant drop from June's peak of 7.8%. Despite the decline in food prices, transport inflation remained high at 9% in August. However, the overall inflation rate stood at 1.8%, as price increases in other sectors moderated.