Economics

Consumer Price Index (CPI) September 2023

The All-Groups CPI was 142.65 in the month of September 2023, compared with 142.58 in the month of August 2023.

The rate of inflation for September 2023 is the percentage change in the Consumer Price Index (CPI) over the twelve-month period, from September 2022 to September 2023.

The All-Groups CPI increased to 5.44 percent over the twelve months to September 2023 compared to 5.82 percent over the twelve months to August 2023.

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Consumer Price Index (CPI) August 2023

The All-Groups CPI was 142.58 in the month of August 2023, compared with 144.89 in the month of July 2023.

The rate of inflation for August 2023 is the percentage change in the Consumer Price Index (CPI) over the twelve-month period, from August 2022 to August 2023.

The All-Groups CPI decreased to 5.82 percent over the twelve months to August 2023 compared to 5.98 percent over the twelve months to July 2023.

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SOMALIA POVERTY REPORT2023

Somalia has in place the Ninth National Development Plan (NDP-9), which envisages a five year (2020-2024) pathway towards economic emancipation and reduction of poverty in the country, hence serves as an Interim Poverty Reduction Strategy Paper (IPRSP) within the framework of the Highly Indebted Poor Country (HIPC) initiative. Satisfactory implementation of the poverty reduction strategy will trigger the completion point of debt relief for Somalia.

Quality data and statistics are key for monitoring and evaluating the NDP-9, sectoral plans, the attainment of Sustainable Development Goals (SDGs) and measure the progress towards the completion point of debt relief.

This Poverty Analysis Report relies on the SIHBS—2022 data, whose report the SNBS published and disseminated on February 20, 2023, to analyze and measure current poverty levels and inequalities within Somalia by presenting valuable insights into the dimensions and distribution of poverty across regions and demographic groups.

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Consumer Price Index (CPI) July 2023

The All-Groups CPI was 144.89 in the month of July 2023, compared with 143.72 in the month of June 2023.

The rate of inflation for July 2023 is the percentage change in the Consumer Price Index (CPI) over the twelve-month period, from July 2022 to July 2023.

The All-Groups CPI decreased to 5.98 percent over the twelve months to July 2023 compared to 6.64 percent over the twelve months to June 2023.

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