Consumer Price Index (December, 2017)

CPI December 2017 SOMALILAND CONSUMER PRICE INDEX

The Central Statistics Department of the Ministry of National Planning & Development (MoNP&D), has released the Consumer Price Index (CPI) for the month of December 2017 (Base year 2012=100).

Highlights of CPI, December. 2017

1. Annual Inflation
The Annual Headline Inflation for the year ending December 2017 decline at 18.4 percent compared to the 19.4 percent recorded during the year ended November 2017.

The Annual Food Crops Inflation which increased to 32.1percent for the year ending December2017compared to 31.1 percent recorded for the year ended November 2017. The driver of Annual Food Crops Inflation were fish and sea food that slight decline to 20.4 percent for the year ending December 2017 compared to the 26.8 percent registered during the year ended November 2017. In addition, Milk cheese & Egg inflation registered an 8.2 percent increased for the year ending December 2017 compared to the minus 1.8 percent recorded for the year ended November 2017.

The Annual Core Inflation also decline to 16.3 percent for the year endingDecember2017 compared to the 18.0 percent recorded for the year ended November 2017. This was driven by the Narcotics inflation that registered 18.7 percent dropped the ending December2017 compared to the 19.0percent recorded during the year ended November 2017. Similarly, other goodsinflationdeclineto 15.2percent for the year ending December 2017 compared to the 18.8 percent recorded for the year endedNovember 2017.

In addition, the Annual Energy, Fuels and Utilities (EFU) Inflation increased to 23.5 percent for the year endingDecember2017 compared to the 18.5 percent recorded during the year ended November 2017. The drivers were Charges use of Electricity Annual inflation that significant increase 38.5 percent for the year ending December 2017 compared to 23.1percentrecorded for the year ended November2017.In addition, werePetrolinflation that rose to 33.3percent for the year ending December 2017 compared to 23.1 percent recorded in November2017.

2. Monthly Inflation
The Monthly Headline Inflation for December 2017 increased by 0.6percent compared 0.1 percent recorded in November2017. Core monthly inflation that slight rose 0.4percent during December2017 compared the 0.3 percent recorded in November 2017. Similarly, the Food crop & related itemsInflationincreased by 0.7 percent inDecember 2017 from the minus 1.3 percent recorded in November 2017. However, the Monthly Energy Fuel & utilitiesInflation decline by 2.7percent for the month of December 2017 from the 4.4percent recorded during November 2017.

CPI December 2017 Download