Consumer Price Index (August, 2019)

SOMALILAND CONSUMER PRICE INDEX

The Central Statistics Department of the Ministry of Planning & National Development (MoPND), has released the Consumer Price Index (CPI) for the Month of August 2019 (Base year 2012=100).
Highlights of CPI, August 2019.
1. Annual Inflation
The Annual Headline Inflation for the year ending of August 2019 decrease 4.0 percent compared to the 4.9 percent recorded August 2018.

The Annual Food Crops Inflation decrease 8.6 percent for the year ending August 2019 compared to 9.2 percent in August 2018. The drivers of changes were Manderine a decrease to 7.8 percent for the year ending August 2019 compared to 10.6 percent registered similar month previous year. Apples inflation registered a decrease minus 10.1 percent for the year ending August 2019 compared to the 7.3 percent recorded to the corresponded similar month previous year .Similarly, Guavas inflation a decrease (20.5) percent for the ending year ending August 2019 compared (15.4) percent to corresponding month of the previous year. In addition, the Green Pepper inflation an decrease minus 0.4 percent for the ending year ending August 2019 compared to 0.6 percent corresponded similar month of the previous year.

The Annual Energy Inflation, Fuels and Utilities (EFU) decline to (2.3) percent for the year ending August 2019 compared (0.2) percent recorded corresponding month of the previous year. The drivers were Petrol inflation decline (30.0) percent for the year ending August 2019 compared to (20.0) percent recorded for the corresponding month of the preceding year. Similarly, the Diesel inflation an decrease (18.8) percent for the ending year ending August 2019 compared to (3.2) percent corresponded similar month of the previous year. In addition, the Charcoal inflation an decrease 19.3 percent for the ending year ending August 2019 compared to 21.6 percent corresponded similar month of the previous year.
The Annual Core inflation decline to 4.0 percent for the year ending August 2019 compared to 4.9 percent for corresponding month August 2018. This was driven by the Maize, flour inflation decline that (0.3) percent for the year ending August 2019 compared to 12.7 percent recorded during the corresponding similar month of the previous year. Offal, liver, kidney etc. inflation decline to 15.8 percent for the year ending August 2019 compared to the 23.3 percent recorded for the corresponding similar month of the last year. Similarly, Goat/Sheep meat inflation decline to 21.5 percent for the year ending August 2019 compared to 24.5 percent recorded to the corresponding similar month. Finally, the Restaurant Breakfast inflation decreased to (14.3) percent for the year ending August 2019 compared to the (12.3) percent recorded to the corresponding similar month.

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