The National Consumer Price Index (CPI) has fallen by 0.2 percent to 122.8 during the month of November 2023.
The National Statistics Office released the latest CPI bulletin on Tuesday 19th December 2023.
The Government Statistician Douglas Kimi said through the year, compared to the same months in 2022, the National CPI rose by 3.3 percent in November 2023.
He said the most significant changes by major expenditure groups from the previous month include:
Mr Kimi said the Solomon Islands inflation rate calculated on a 3-months moving average basis was +2.8% in November 2023.
“The corresponding inflation rates for imported items was +4.4% while other (domestic) items inflation rate was +2.1% in November 2023.”
The Solomon Islands underlying rates of inflation based on a 3-months moving average was observed between +2.7% and +3.3% in November 2023.
The headline inflation rates for the respective provincial towns calculated on a 3-months moving average basis were: Honiara: (+2.7%); Auki: (+2.7%); Gizo: (+2.4%) and Noro: (+3.2%).
The main percentage changes in index by CPI town and expenditure group from the previous month include:
Honiara: (-0.2%)
The most significant changes in movements include:
Auki: (+0.6%)
The main contributors to the movements were:
Gizo: (-1.3%)
The main drivers to this movements were:
Noro: (+0.6%)
The main contributors to the movements were:
Attachment.
National CPI decreases by 0.2 percent in November 2023.pdf
SINSO Press