Consumer Price Index ( December, 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 December 2018 (Base year 2012=100).

Highlights of CPI, December 2018.

1. Annual Inflation
The Annual Headline Inflation for the year ending December 2018 decline at 8.0 percent compared to the 8.2 percent recorded similar month Inflation.

The Annual Food Crops Inflation increase 3.4 percent for the year ending December 2018 compared to 2.5 percent recorded for the similar month. The driver of Annual Food Crops Inflation were Orange increase to 24.8 percent for the year ending December 2018 compared to the 14.4 percent registered similar month of the previous year. In addition, Manderine inflation registered increase to 4.1 percent for the year ending December 2018 compared to the minus (3.8) percent recorded for the corresponded similar month of the Previous year. Similarly, Canned fruits inflation Increase 20.0 percent for the ending year ending December 2018 compared to 17.2 percent corresponded similar month of the previous year. On the other hand, mainly due to Green Pepper inflation increase 6.0 percent for the ending year ending December 2018 compared to 3.7 percent corresponded similar month of the previous year.

The Annual Core inflation also decline to 8.3 percent for the year ending December 2018 compared to the 8.5 percent Corresponding month of the previous year. This was driven by the Sorghum grain inflation decline that registered (9.1) percent the ending December 2018 compared to minus (5.2) percent recorded during the Corresponding similarly month of the previous year. In addition, Sugar inflation decline to (6.9) percent for the year ending December 2018 compared to the 6.5 percent recorded for the Corresponding similar month of the previous year. Similarly, Services inflation decline to 6.2 percent for the year ending December 2018 compared to the 10.5 percent recorded for the Corresponding similar month.

In addition, the Annual Energy Inflation, Fuels and Utilities (EFU) decline to 11.1 percent for the year ending December 2018 compared to 12.5 percent recorded Corresponding month of the previous year. The drivers were Charges – Use of Electricity inflation decline that 9.6 percent for the year ending December 2018 compared to 25.0 percent recorded for the Corresponding similar month of the preceding year. In addition, the Charcoal inflation that decline to 14.1 percent for the year ending December 2018 compared 17.2 percent recorded in Corresponding similar month. Similarly, the Gas (natural and liquefied) Inflation decline by 11.1 percent in December 2018 compared 14.0 percent recorded in Corresponding similar month of the previous year.

2. Monthly Inflation
The Monthly Headline Inflation for December 2018 increased by 0.4 percent compared 0.1 percent recorded in November 2018. The Food Crop & Related items monthly Inflation increased by 1.7 percent in December 2018 compared (0.4) percent recorded in November 2018. In addition, Core monthly inflation that decline 0.2 percent during December 2018 compared the 0.3 percent recorded in November 2018. Similarly, the Monthly Energy Fuel & utilities Inflation increased by 1.4 percent for the month of December 2018 compared (0.9) percent recorded during November 2018.

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