Consumer Price Index ( March, 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 March2019 (Base year 2012=100). Highlights of CPI, March 2019.

  1. Annual Inflation

The Annual Headline Inflation for the year ending March 2019 decline at 7.0 percent compared to the 7.2 percent recorded March 2018.

The Annual Food Crops Inflation declined 3.6 percent for the year ending March 2019 compared to 6.3 percent recorded in March 2018. The drivers of changes were Tangerines decline to(1.6) percent for the year ending March 2019 compared to 7.9 percent registered similar month of the previous year. Mangoes, avocado pea inflation registered decline (25.8) percent for the year ending March 2019 compared to the 13.1 percent recorded for the corresponded similar month of the previousyear .Similarly, Papaya – Pawpawinflation decline (11.7) percent for the ending year ending March 2019 compared to (5.1) percent to corresponding month of the previous year. And, Carrots (Dabacasaha) inflation decline (11.7) percent for the ending year ending March 2019 compared to (13.2) percent corresponded similar month of the previous year.

In addition, the Annual Energy Inflation, Fuels and Utilities (EFU) decline to 5.5 percent for the year ending March 2019 compared 6.4 percent recorded Corresponding month of the previous year. The drivers were Charges – Use of Electricityinflation decline (21.1) percent for the year ending March 2019 compared to (17.3) percent recorded for the Corresponding similar month of the preceding year. In addition, the Diesel inflation that constant to (3.8) percent for the year ending March 2019 compared (3.8) percent recorded in Corresponding similar month. Similarly, the Petrol Inflation constant (7.4) percent in March 2019 compared (7.4) percent recorded in Corresponding similar month of the previous year.

2. Monthly Inflation

The Monthly Headline Inflation forMarch 2019 increase0.3 percent compared 0.2 percent recorded inFebruary 2019. The Food Crop & Related items monthlyInflationincrease by 0.4percent inMarch 2019 minus 0.3 percent recorded in February 2019. In additionCore monthly inflation that increases 0.4percent during March 2019 compared the 0.3percent recorded in January 2019. Similarly, the Monthly Energy Fuel &utilities Inflation constant by (0.8) percent for the month ofMarch 2019 compared (0.8) percent recorded duringFebruary 2019.

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