Consumer Price Index ( February, 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 February 2019 (Base year 2012=100).

Highlights of CPI, February 2019.

1.  Annual Inflation

The Annual Headline Inflation for the year ending February 2019 declined at 7.2 percent compared to the 7.7 percent recorded during February 2018.

The Annual Food Crops Inflation declined at 6.3 percent for the year ending February 2019 compared to 6.4 percent recorded in February 2018. The drivers of changes were Garlic (Toon) declined to 17.1 percent for the year ending February 2019 compared to the 18.8 percent recorded in February 2018. Tomato paste inflation registered decline to 4.3 percent for the year ending February 2019 compared to 6.2 percent recorded for the corresponding year 2018. Similarly, Green Pepper inflation declined to 7.7 percent for the ending year ending February 2019 compared to 9.8 percent to corresponding of the previous year. Dates inflation declined minus 8.9 percent for the year ending February 2019 compared to 9.7 percent for the corresponding year 2018.

The Annual Energy Inflation, Fuels and Utilities (EFU) declined to 6.4 percent for the year ending February 2019 compared to 8.0 percent recorded in February 2018. The drivers of change were Charges – Use of Electricity inflation that declined (17.3) percent for the year ending February 2019 compared to (16.7) percent recorded for the preceding year. In addition, the Diesel inflation increased to (3.8) percent for the year ending February 2019 compared (14.3) percent recorded in the preceding year. Similarly, the Petrol Inflation declined (7.4) percent in February 2019 compared 6.2 percent recorded in the preceding year.

The Annual Core inflation also declined to 7.4 percent for the year ending February 2019 compared to the 7.9 percent registered during February 2018. This was attributed by the Live Goat/Sheep inflation that registered (7.4) percent during the year ending in February 2019 compared to (4.6) percent recorded during the previous year. In addition, Fresh fish inflation declined to (13.4) percent for the year ending February 2019 compared to the 7.3 percent recorded for the previous year. Similarly, Other Goods inflation declined to 8.2 percent for the year ending February 2019 compared to the 8.6 percent recorded for the Corresponding year 2018. Finally, the Services inflation declined to 4.5 percent for the year ending February 2019 compared to the 4.8 percent recorded during the previous year.

  1. Monthly Inflation

The Monthly Headline Inflation for February 2019 decline by 0.2 percent compared 0.6 percent recorded in January 2019. The Food Crop & Related items monthly Inflation declined by (0.3) percent in February 2019, compared to 3.1 percent recorded in January 2019. In addition, Core monthly inflation declined 0.3 percent during February 2019, compared the 0.6 percent recorded in January 2019. Similarly, the Monthly Energy Fuel &utilities Inflation declined by (0.8) percent for the month of February 2019, compared (3.1) percent recorded during January 2019.

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