The one-quarter January-March inflation rate was 10.19 per cent compared to an inflation rate of just 4.43 per cent for all of FY 2007, the report said.
Driving the skyrocketing costs in Majuro were food and utility price rises, the EPPSO report said.
EPPSO staff found major increases in the price of flour, rice, eggs and many other (food) items, said the report, which is issued quarterly. Utilities and major appliances jumped 30 per cent during the quarter.
The EPPSO report shows that inflation had been relatively low until 2008, with an average of about only 1.5 per cent per quarter price increases during FY 2006 and FY 2007.
Ebeye, the country's second major urban centre.
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with a population of about 12,000, saw inflation jump by 6.7 per cent during this p