Monthly Consumer Price Index (August,2017)

CPI August 2017

SOMALILAND CONSUMER PRICE INDEX

The Central Statistics Department of the Ministry of National Planning & Development (MoNP&D), has released the Consumer Price Index (CPI) for the month of August 2017 (Base year 2012=100).

Highlights of CPI, August 2017

1. Annual Inflation
The Annual Headline Inflation for the year ending August 2017 raise at 14.9 percent compared to the 13.8 percent recorded during the year ended July 2017.

The Annual Food Crops Inflation which rose to 23.3 percent for the year ending August 2017 compared to 14.3 percent recorded for the year ended July 2017. The driver of Annual Food Crops Inflation were Vegetables that increased to 18.5 percent for the year ending August 2017 compared to the 3.9 percent registered during the year ended July 2017. In addition, Oil and fats inflation registered an 8.7 percent rise for the year ending August 2017 compared to the minus 1.3 percent recorded for the year ended July2017.

The Annual Core Inflation also rose to 13.1percent for the year ending August 2017 compared to the 12.6percent recorded for the year ended July 2017. This was driven by the Services inflation that registered 5.6 percent ending August 2017 compared to the 1.7 percent recorded during the year ended July 2017. Other goods inflation decline to 14.9 percent for the year ending August 2017 compared to the 15.4 percent recorded for the year ended July 2017.

In addition, the Annual Energy, Fuels and Utilities (EFU) Inflation decline to 24.8 percent for the year ending August 2017 compared to the 25.8 percent recorded during the year ended July 2017. The drivers were Charcoal Annual inflation that decline 5.3 percent for the year ending August 2017 compared to 5.6 percent recorded for the year ended July 2017.In addition, were Water Private Supplier’s inflation that decline to minus 7.4 percent for the year ending August 2017 compared to 8.0 percent recorded in July 2017.

2. Monthly Inflation
The Monthly Headline Inflation for August 2017 sustained by 1.1 percent compare 1.1 percent recorded in July 2017. Core monthly inflation that slight increase 1.5 percent during August 2017 compared the 1.0 percent recorded in July 2017. Similarly, the EFU Inflation decline by 1.0 percent in August 2017 from the 3.2 percent recorded in July 2017. However, the Monthly Food Crop & related items Inflation decline by minus 2.0 percent for the month of August 2017 from the 0.3 percent recorded during July 2017.

CPI August 2017 Download