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

Highlights of CPI, July 2019.

1. Annual Inflation

The Annual Headline Inflation for the year ending of July 2019 increase 4.9 percent compared to the 4.5 percent recorded July 2018.

The Annual Food Crops Inflation increase 9.2 percent for the year ending July 2019 compared to 2.8 percent in July 2018. The drivers of changes were apple increase to 7.3 percent for the year ending July 2019 compared to 1.2 percent registered similar month of the previous year. Carrot inflation registered an increase 9.0 percent for the year ending July 2019 compared to the 1.9 percent recorded to the corresponding month of the previous year. Similarly, Garlic Toon inflation 19.0 percent for the ending year ending July 2019 compared 8.3 percent to corresponding month of the previous year. In addition, the Potatoes inflation increase 1.9 percent for the ending year ending July 2019 compared to 0.3 percent corresponding month of the previous year.

The Annual Energy Inflation, Fuels and Utilities (EFU) decline to (0.2) percent for the year ending July 2019 compared (0.1) percent recorded corresponding month of the previous year. The driver was Charcoal inflation decline 21.6 percent for the year ending July 2019 compared to 24.6 percent recorded for the corresponding month of the preceding year.

2. Monthly Inflation

The Monthly Headline Inflation for the year ending of July 2019 Remain 0.1 percent compared to the 0.1 percent recorded June 2019.

Monthly Food Inflation of July 2019 increase 0.3 percent compared 0.02 percent recorded in ending Jun 2019.

 Food Crop & Related items monthly Inflation increase 0.24 percent in July 2019 compared 0.17 percent recorded in Jun 2019, In addition Core monthly inflation decline 0.1 percent during July 2019 compared 0.2 percent recorded in Jun 2019 and.  Similarly, the Monthly Energy Fuel & utilities Inflation increase by 0.3 percent for the month of July 2019 compared to (1.2) percent recorded during Jun 2019.

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