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BusinessNews

Electricity Gets Cheaper, Inflation Eases: Maldives Sees Market Relief

By Ahmed Ashraf Published July 28, 2025

The cost of living in the Maldives has seen a notable decline in June 2025, reflecting the Muizzu administration’s commitment to economic stability and price control. According to the latest Consumer Price Index (CPI) published by the National Bureau of Statistics (NBS), inflation dropped by 0.04 percent compared to May—signaling effective policy measures under President Dr Mohamed Muizzu’s government.

The report highlights that the most significant reduction was in electricity services, which saw prices fall by 3.18 percent—an outcome of the administration’s targeted efforts to reduce utility costs for households. The price of fish, a staple of the Maldivian diet, also decreased by 1.20 percent, while air travel costs dropped by 0.73 percent and motorcycle prices fell by 0.32 percent.

When excluding fluctuations in fish prices, the CPI showed a marginal 0.03 percent increase—further reinforcing the government’s successful effort to stabilize core market segments.

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While some categories saw modest price increases, including fruits (up by 3.20 percent), vegetables (up by 0.83 percent), and mobile communication services (up by 0.77 percent), the overall trajectory remains positive.

The data affirms President Muizzu’s strategic focus on easing economic pressures on everyday citizens through practical reforms and fiscal discipline. As global markets continue to experience volatility, the Maldives’ inflation moderation stands as a testament to the administration’s prudent economic stewardship.

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“The Standard Maldives” is your premier source for the latest news, insights, and stories from the Maldives. With a commitment to accuracy and independence, we bring you comprehensive coverage of local developments, regional events, and global perspectives that impact our island nation. From breaking news to in-depth analyses, we aim to inform, inspire, and engage. Proudly carrying the tagline, ‘The World’s Window on Maldives,’ we connect the Maldives to the world and the world to the Maldives. Stay informed, stay connected.”

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