As long as there is a balance between demand and supply, inflation will remain stable. When we look at it this way, the rate of inflation is more than a number that tells us how the purchasing power of the average consumer is holding up.
It will be recalled that, according to the World Bank Study, Banking the Poor, published in 2009, Mauritius then had the highest density of accounts in Africa, i.e. 2,010 accounts per thousand adults, and came just behind Singapore. However, access to banking services is lower than suggested by this figure. More recent data do not give us much cause for complacency.