The All-Groups CPI was 143.72 in the month of June 2023, compared with 143.73 in the month of May 2023.
The rate of inflation for Food and Non-Alcoholic Beverages and Housing, Water, Electricity, Gas are the most significant items in the consumer basket in terms of expenditure and have the largest weighted influence on the All Groups CPI.
Consumer Price Index (CPI) June 2023 Read More »
The All-Groups CPI was 143.73 in the month of May 2023, compared with 141.08 in the month of April 2023.
The rate of inflation for May 2023 is the percentage change in the Consumer Price Index (CPI) over the twelve-month period, from May 2022 to May 2023.
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The annual Gross Domestic Product (GDP) statistics are key indicators of Somalia’s economy and its growth in recent years, providing estimates of expenditure levels and growth across the economy. Much effort has been made to secure new sources of data and improve the quality of data from existing sources, the estimates presented in this report were compiled as far as possible in accordance with the System of National Accounts, (SNA 2008). The 2008 SNA is the internationally agreed standard set of recommendations to compile measures of economic activity in accordance with strict accounting conventions based on economic principles. The accounting framework of the SNA allows economic data to be compiled and presented in a format that is designed for purposes of economic analysis, decision-making, policy formulation, and international comparisons using standard definitions and classifications.
The use of the expenditure approach in the constant 2022 prices dataset is one of the first steps towards transforming the data collected via the Somalia Integrated Household Budget Survey. The national accounts estimate in this report summarize the latest economic developments of 2022. This publication shows time series data of 2016-2022. The base year for the Somalia’s national accounts have been updated from 2016 to 2022.
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The All-Groups CPI was 141.08 in the month of April 2023, compared with 137.29 in the month of March 2023.
The rate of inflation for April 2023 is the percentage change in the Consumer Price Index (CPI) over the twelve-month period, from April 2022 to April 2023.
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The All-Groups CPI was 137.29 in the month of March 2023, compared with 134.54 in the month of
February 2023.
The rate of inflation for March 2023 is the percentage change in the Consumer Price Index (CPI) over the
twelve-month period, from March 2022 to March 2023.
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The All-Groups CPI was 134.54 in the month of February 2023, compared with 133.99 in the month of
January 2023
The rate of inflation for February 2023 is the percentage change in the Consumer Price Index (CPI) over
the twelve-month period, from February 2022 to February 2023.
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The All-Groups CPI was 133.99 in the month of January 2023, compared with 134.68 in the month of
December 2022.
The rate of inflation for January 2023 is the percentage change in the Consumer Price Index (CPI) over the
twelve-month period, from January 2022 to January 2023.
Consumer Price Index (CPI) January 2023 Read More »
The annual Gross Domestic Product (GDP) statistics are key indicators of Somalia’s economy and its growth in recent years, providing estimates of expenditure levels and growth across the economy. While much effort has been made to secure new sources of data and improve the quality of data from existing sources, the estimates presented in this report were compiled as far as possible in accordance with the System of National Accounts, (SNA 2008).
Somalia’s real GDP increased by 2.9 percent in 2021 compared with a decrease of -0.3 percent in 2020. This reflects the Somalia’s partial emergence from the COVID-19 pandemic’s shock in 2020, with larger increases in per capita consumption of non-food products (relative to food) underpinning this result.
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