Cost of Living
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BusinessPrices surge by 6 percent for essential food items
Essential food and commodity prices in the Maldives rose by 6.07% year-on-year this July, driven largely by a 14.54% spike in fuel and gas costs. While annual inflation remains high, monthly data showed a slight 1.27% dip due to falling vegetable prices. The opposition MDP plans to protest the rising cost of living on August 13.
NewsSaeed faces backlash over video dismissing rising cost of living
Economic Minister Mohamed Saeed is facing public backlash after a TikTok video dismissed rising cost-of-living concerns as opposition lies. Citizens criticized his comparison of local fuel prices to Singapore, calling it deceptive given the income gap. The outcry comes as the MDP prepares to protest against inflation on August 12.