South Asian Business news and information

Inflation is a thing that is not very common in Maldives. However, in 2007, the people of Maldives got a shock of inflation as the rate of inflation doubled. The price of food items increased significantly and life became tough for many families. One shocking thing was that the price of fish increased sharply in Maldives in 2007. Fishing is the most important job for most people in the country and after tourism, fishing is the most important industry.

Well, it is true that the price of food commodities have increased in the international market. However, poor people are suffering and they want better management of the economy from their government.

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Inflation Doubled In 07 As Cost Of Living Soars