The country’s inflation also known as the change in the National Consumer Price Index, CPI, rose 2.4 percent to 106.7 in January 2021.
Releasing the report on Monday 22nd March 2021, National Statistician Douglas Kimi said through the year, compared to the same month in 2021, the National CPI dropped 5.1 percent.
Mr Kimi said the most significant changes by major expenditure groups from the previous month include:
He said although there is a rise in the January monthly price movement, the Solomon Islands inflation rates for the month of January 2021 calculated on a 3 months moving average basis was -3.1 percent or in other words, there was a deflation of 3.1 percent.
Similarly, the “corresponding inflation rates for imported items was -7.9 percent, while other (domestic) items inflation rates was -0.9 percent.
“The Solomon Islands underlying rates of inflation based on a 3 months moving average was observed between -2.2% and -1. 2% for January 2021,” he said.
The National Statistician concluded that the headline inflation rates for the respective provincial towns calculated on a 3 months moving average basis were: Honiara: (-3.3%); Auki: (1.2%); Gizo: (-0.4%); and Noro: (-3.5%).