The annual inflation rate in Seychelles fell to 1.9 percent in June 2019 from 2.1 percent in the previous month. It was the lowest inflation rate since March 2017, as prices slowed for non-food items (2.3 percent vs 2.6 percent in May) and continued to decline for food & non-alcoholic beverages, excluding fresh fish (-1.5 percent vs -1.9 percent). In contrast, fresh fish was more expensive (13.1 percent vs 8.5 percent). On a monthly basis, consumer prices were flat, after increasing 0.2 percent in the previous month. Inflation Rate in Seychelles averaged 7.39 percent from 2003 until 2019, reaching an all time high of 63.25 percent in December of 2008 and a record low of -5.54 percent in March of 2010.
Inflation Rate in Seychelles is expected to be 2.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Seychelles to stand at 3.00 in 12 months time. In the long-term, the Seychelles Inflation Rate is projected to trend around 3.40 percent in 2020, according to our econometric models.