You say so !
They are almost unanimously questioning the latest inflation estimates from Statistics Mauritius. The latest published figures for November show a headline inflation rate of 3.5% and 4% for the year-on-year change . Year-on-year Core 1 inflation , which excludes beverages and tobacco components and mortgage interest on housing loan, was 4.5% and Year-on-year Core 2 inflation, which also excludes administered prices, was as high as 6.9% . The headline inflation for year 2025 was estimated to be 3.7%
𝐓𝐡𝐞 𝐞𝐥𝐞𝐦𝐞𝐧𝐭 𝐨𝐟 𝐭𝐫𝐮𝐬𝐭 𝐡𝐚𝐬 𝐧𝐨𝐭 𝐛𝐞𝐞𝐧 𝐫𝐞-𝐞𝐬𝐭𝐚𝐛𝐥𝐢𝐬𝐡𝐞𝐝.
The top officials at Statistics Mauritius(SM) and the Ministry of Finance(MoFeD) who had fiddled with the figures and undermine the credibility of official statistics have not been sanctioned On the contrary they have been promoted .
L’Allianz du Sanzman had declared that they will be introducing a more rigorous, responsible and transparent management of public funds and they will be ensuring that thereon there will be no doubt about the quality and integrity of our statistics.
For that to happen, the minister of Finance should have come forward, as promised , with a 𝒍𝒆𝒈𝒊𝒔𝒍𝒂𝒕𝒊𝒐𝒏 𝒕𝒐 𝒓𝒆𝒈𝒖𝒍𝒂𝒕𝒆 𝒅𝒂𝒕𝒂 𝒎𝒂𝒏𝒊𝒑𝒖𝒍𝒂𝒕𝒊𝒐𝒏 𝒂𝒏𝒅 𝒆𝒏𝒔𝒖𝒓𝒆 𝒕𝒉𝒂𝒕 𝒕𝒉𝒆 𝒊𝒏𝒔𝒕𝒊𝒕𝒖𝒕𝒊𝒐𝒏 𝒂𝒄𝒕𝒔 𝒊𝒏𝒅𝒆𝒑𝒆𝒏𝒅𝒆𝒏𝒕𝒍𝒚.
Moreover as long as we do not have a good team at MoFED, starting by a full fledged Finance Minister and a more capable FS with a better vision, cohesion and direction to lead the reform program thus bring about the necessary changes…we doubt whether this Govt will be able to address the fiscal challenges.
With Damry leading the same team at MoFed and SM- the very ones who had cooked up the figures - how could u expect LePep and our trade unions to subscribe to the inflation figures estimated at 3.7% for year 2025 and the cost of living allowance of 3.7% * Min wage= Rs 635, a bare minimum-Moody’s obliges?
PS :The ideal is to have wages increasing in line with productivity thus maintaining our competitiveness as measured by Unit Labour Cost (ULC=wages/labour productivity) . But when we have 𝐚 𝐩𝐫𝐢𝐯𝐚𝐭𝐞 𝐬𝐞𝐜𝐭𝐨𝐫 𝐰𝐡𝐨 𝐢𝐬 𝐦𝐨𝐫𝐞 𝐢𝐧𝐭𝐞𝐫𝐞𝐬𝐭𝐞𝐝 𝐢𝐧 𝐢𝐧𝐯𝐞𝐬𝐭𝐢𝐧𝐠 𝐚𝐛𝐫𝐨𝐚𝐝 𝐭𝐡𝐚𝐧 𝐥𝐨𝐜𝐚𝐥𝐥𝐲 𝐚𝐧𝐝 𝐫𝐞𝐥𝐢𝐞𝐬 𝐨𝐧 𝐫𝐞𝐥𝐚𝐭𝐢𝐯𝐞𝐥𝐲 𝐜𝐡𝐞𝐚𝐩𝐞𝐫 𝐟𝐨𝐫𝐞𝐢𝐠𝐧 𝐥𝐚𝐛𝐨𝐮𝐫 𝐭𝐡𝐚𝐧 𝐢𝐧 𝗱𝗲𝘃𝗲𝗹𝗼𝗽𝗶𝗻𝗴 𝗼𝘂𝗿 𝗹𝗼𝗰𝗮𝗹 𝗵𝘂𝗺𝗮𝗻 𝗿𝗲𝘀𝗼𝘂𝗿𝗰𝗲 𝗮𝗻𝗱 𝘄𝗵𝗲𝗻 𝗼𝘂𝗿 𝗨𝗟𝗖 𝗶𝗻 𝗱𝗼𝗹𝗹𝗮𝗿 𝘁𝗲𝗿𝗺𝘀 𝗶𝘀 𝗻𝗼𝘁 𝗮𝗳𝗳𝗲𝗰𝘁𝗲𝗱 𝗯𝗲𝗰𝗮𝘂𝘀𝗲 𝗼𝗳 𝘁𝗵𝗲 𝗰𝗼𝗻𝘁𝗶𝗻𝘂𝗼𝘂𝘀 𝗱𝗲𝗽𝗿𝗲𝗰𝗶𝗮𝘁𝗶𝗼𝗻 𝗼𝗳 𝘁𝗵𝗲 𝗿𝘂𝗽𝗲𝗲 (thus maintaining our export competitiveness) , how can u expect our labour productivity to increase in line with wage increase ? More interested in short-term profits, 𝑩𝒖𝒔𝒊𝒏𝒆𝒔𝒔 𝑴𝒂𝒖𝒓𝒊𝒕𝒊𝒖𝒔, 𝒊𝒏 𝒄𝒐𝒏𝒏𝒊𝒗𝒂𝒏𝒄𝒆 𝒘𝒊𝒕𝒉 𝑮𝒐𝒗𝒕, is prioritising wage suppression over long-term economic strategies like boosting productivity.
They like comparing us to Singapore but in Singapore it's the other way round ! A Govt and a Private Sector preparing its human capital for the future . Long-term national prosperity relies on productivity growth rather than wage containment.
𝐊𝐨𝐧𝐭𝐢𝐧𝐮é 𝐬𝐞𝐫𝐫 𝐬𝐞𝐢𝐧𝐭𝐢𝐫 !
