The country’s inflation also known as the change in the National Consumer Price Index (NCPI) has dropped 1.3 per cent to 105.8 in July 2020.
The Solomon Islands National Statistics Office (SINSO) revealed in its latest NCPI statistical report.
Releasing the NCPI report on Friday 9th October, Government Statistician and Census Commissioner, Douglas Kimi said through the year compared to the same month in 2019, the National CPI increased 0.8 percent.
The major changes in other expenditure categories from the previous month include:
Mr Kimi said the Solomon Islands inflation rate for the month of July 2020 calculated on a 3 months moving average basis was +3.4 per cent, the corresponding inflation rates for imported items was -3.1 per cent while other (domestic) items inflation rates was +6.3 per cent.
“The Solomon Islands underlying rates of inflation based on a 3 months moving average for the month of July 2020 was observed between +0.8 per cent and +1.6 per cent.
“The headline inflation rates for the respective provincial towns calculated on a 3 months moving average basis were: Honiara: (+3.2%) down 2.6 percentage points; Auki: (+5.8%), down 1.1 percentage points; Gizo:
(+1.8%), a drop of 0.1 percentage points; Noro: (+1.4%), a rise of 0.1 percentage points.”