CPI drops 0.5 percent
The latest Statistical bulletin showed the country’s National Consumer Price Index (CPI) has dropped 0.5 percent to 109.2 in May 2021.
Releasing the report on Monday 9th August 2021, national statistician Douglas Kimi said through the year, compared to the same month in 2020, the National CPI dropped 1.7 percent.
He said the most significant changes by major expenditure groups from the previous month include:
- Food and Non-Alcoholic Beverages: (-0.3%)
- Alcoholic beverages, tobacco and narcotics: (-1.2%)
- Clothing & Footwear: (+0.2%)
- Housing, water, electricity, gas and other fuels: (-2.0%)
- Furnishings, household equipment and routine household maintenance: (+0.3%),
- Transport: (+0.2%)
- Miscellaneous (+9.5%)
Mr Kimi said the inflation rate for Solomon Islands for the month of May 2021 calculated on a 3-months moving average basis was -1.4%.
“The corresponding inflation rates for imported items was -4.3%, while other (domestic) items inflation rate was -0.1%.”
“The Solomon Islands underlying rates of inflation based on a 3-months moving average was observed between -2.0% and -0.9% for May 2021.”
He said the headline inflation rates for the respective provincial towns calculated on a 3-months moving average basis were: Honiara: (-1.2%); Auki: (-0.3%); Gizo: (+3.2%); and Noro: (-5.6%).
Solomon Islands Annual Inflation Rates
Solomon Islands Annual Headline and Underlying Inflation Rate
All Groups Percentage Changes by CPI Towns
-SINSO Media