Consumer Price Index (Aug 2018)

SOMALILAND CONSUMER PRICE INDEX

The Central Statistics Department of the Ministry of Planning & National Development (MoP&ND), has released the Consumer Price Index (CPI) for the Month of August 2018 (Base year 2012=100).

Highlights of CPI, August 2018.

1.        Annual Inflation

The Annual Headline Inflation for the year ending August 2018 increase at 13.7 percent compared to the 13.6 percent recorded during the year ended July 2018.

The Annual Food Crops Inflation which increased to 13.4 percent for the year ending August 2018 compared to 10.1 percent recorded for the year ended July 2018. The driver of Annual Food Crops Inflation were Guavas increased to 32.7 percent for the year ending August 2018 compared to the 25.3 percent registered during the year ended July 2018. In addition, Cabbages (Fresh or Chilled) inflation registered increase to 24.4 percent for the year ending August 2018 compared to the 20.1 percent recorded for the year ended July 2018. Similarly, mainly due the Green Pepper inflation an increased 32.5 percent for the ending year ending August 2018 compared to 26.9 percent recorded for year ended July 2018.

The Annual Core Inflation also decline to 13.5 percent for the year ending August 2018 compared to the 13.9 percent recorded for the year ended July 2018. This was driven by the Fresh Fish Inflation decline that registered 15.0 percent the ending August 2018 compared to 19.8 percent recorded during the year ended July 2018. In addition Maize, flour inflation decline to 35.3 percent for the year ending August 2018 compared to the 37.8 percent recorded for the year ended July 2018. Similarly, Services inflation decline to 21.3 percent for the year ending August 2018 compared to the 26.1 percent recorded for the year ended July 2018.

In addition, the Annual Energy Inflation, Fuels and Utilities (EFU) decline to 15.7 percent for the year ending August 2018 compared to the 16.1 percent recorded during the year ended July 2018. The drivers were Gas (natural and liquefied) Annual inflation that decrease 17.6 percent for the year ending August 2018 compared to 23.9 percent recorded for the year ended July 2018. In addition, the Sewage inflation that decreases to 11.1 percent for the year ending August 2018 compared to 17.0 percent recorded in July 2018. Similarly, the Charcoal Inflation decrease by 5.7 percent in August 2018 compared 9.2 percent recorded in July 2018.

  1. Monthly Inflation

The Monthly Headline Inflation for August 2018 increased by 1.1 percent compared minus 0.2 percent recorded in July 2018. The Food Crop & Related items monthly Inflation increase by 0.9 percent in August 2018 compared minus 5.6 percent recorded in July 2018. In addition Core monthly inflation that increases 1.1 percent during August 2018 compared the 0.5 percent recorded in July 2018. Similarly, the Monthly Energy Fuel & utilities Inflation increased by 0.7 percent for the month of August 2018 compared minus 0.6 percent recorded during July 2018.

CPI Price Index -Aug 2018