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

Highlights of CPI, October 2018.

  1. Annual Inflation

The Annual Headline Inflation for the year ending October 2018 decline at 8.2 percent compared to the 9.6 percent recorded similar month last year.

The Annual Food Crops Inflation decrease1.6 percent for the year ending October 2018 compared to 3.9 percent recorded for the similar month. The driver of Annual Food Crops Inflation Were Watermelon decreased to minus 41.5 percent for the year ending October 2018 compared to the minus 36.7 percent registered similar month of the previous year. In addition, Carrot (Dabacasaha) inflation registered decrease to minus 34.8 percent for the year ending October 2018 compared to the minus 32.1 percent recorded for the corresponded similar month of the Previous year. Similarly, Papaya inflation decreased minus 11.4 percent for the ending year ending October 2018 compared to 0.5 percent corresponded similar month of the previous year. On the other hand, mainly due to mandarin inflation decreased minus 2.9 percent for the ending year ending October 2018 compared to 1.4 percent corresponded similar month of the previous year.

The Annual Core Inflation also decline to 8.6 percent for the year ending October 2018 compared to the 9.9 percent Corresponding month of the previous year. This was driven by the Cattle Meat Inflation decline that registered minus 3.0 percent the ending October 2018 compared to 12.3 percent recorded during the Corresponding similarly month of the previous year. In addition, Olive oil inflation decline to minus 4.9 percent for the year ending October 2018 compared to the 9.5 percent recorded for the Corresponding similar month of the previous year. Similarly, Sesame/Sunflower oil inflation decline to minus 2.5 percent for the year ending October 2018 compared to the minus1.0 percent recorded for the Corresponding similar month.

In addition, the Annual Energy Inflation, Fuels and Utilities (EFU) decline to 13.5 percent for the year ending October 2018 compared to the 14.4 percent recorded Corresponding month of the previous year. The drivers were Charge use of Electricity Annual inflation that decrease 25.0 percent for the year ending October 2018 compared to 42.9 percent recorded for the Corresponding similar month of the preceding year. In addition, the Gas (natural and liquefied) inflation that decreases to 11.3 percent for the year ending October 2018 compared to 17.3 percent recorded in Corresponding similar month. Similarly, the Paraffin or kerosene Inflation decrease by 12.5 percent in October 2018 compared 7.7 percent recorded in Corresponding similar month of the previous year.

  1. Monthly Inflation

the Monthly Headline Inflation for October 2018 increase by 0.5 percent compared 0.2 percent recorded in September 2018. The Food Crop & Related items monthly Inflation increase by 1.1 percent in October 2018 compared 0.2 percent recorded in September 2018. In addition, Core monthly inflation that decrease 0.1 percent during October 2018 compared the 0.3 percent recorded in September 2018.Similarly, the Monthly Energy Fuel & utilities Inflation increase by 3.6 percent for the month of October 2018 compared minus 0.9 percent recorded during September 2018.

Download full CPI Report October 2018