From Reuters
Prices in the Seychelles rose 63.3 percent in December from a year earlier after the floating of the heavily-indebted economy's currency, the National Statistics Bureau (NSB) said on Thursday.
The inflation rate in December compared to 60.6 percent in November, and 32.2 percent in October.
â€On a year-on-year comparison, this reflects a 63.3 percent increase in overall prices,†it said in a monthly bulletin.
Inflation had been expected to accelerate in an economy largely dependent on imports after its currency was floated in November and the International Monetary Fund stepped in with a $26 million two-year rescue package to ease a debt crisis.
The NSB said inflation was led by the cost of food, which increased by 6.3 percent from a month earlier, not including the price of processed fish which leapt by 36.8 percent due to an increase in the price of canned tuna. Tobacco prices increased by 10.5 percent on November.
Analysts predict a painful path to recovery for the palm fringed archipelago with a population of just 85,000 and foreign debts of more than $800 million.