The Consumer Price Index in Somalia increased 1.40 percent in July of 2022 over the previous month. source: Directorate of National Statistics, Somalia

Inflation Rate Mom in Somalia averaged 0.42 percent from 2018 until 2022, reaching an all time high of 3.70 percent in April of 2019 and a record low of -1.39 percent in January of 2019. This page provides - Somalia Inflation Rate MoM- actual values, historical data, forecast, chart, statistics, economic calendar and news. Somalia Inflation Rate MoM - data, historical chart, forecasts and calendar of releases - was last updated on August of 2022.

Inflation Rate Mom in Somalia is expected to be 1.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Somalia Inflation Rate MoM is projected to trend around 0.80 percent in 2023 and 0.60 percent in 2024, according to our econometric models.

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Somalia Inflation Rate MoM

Related Last Previous Unit Reference
Inflation Rate 7.70 7.00 percent Jul 2022
Inflation Rate MoM 1.40 -0.10 percent Jul 2022
Consumer Price Index CPI 134.77 134.85 points Jun 2022
Food Inflation 16.86 14.74 percent Jun 2022
CPI Transportation 111.13 111.13 points Jun 2022
CPI Housing Utilities 120.08 121.83 points Jun 2022

Somalia Inflation Rate MoM
In Somalia, the inflation rate measures a broad rise or fall in prices that consumers pay for a standard basket of goods. The most important categories in the Somali consumer price index are Food & Non-Alcoholic Beverages (46 percent of the total weight) and Housing, Water, Electricity & Gas (23 percent), followed by Clothing & Footwear (5 percent), Health (5 percent), Transport (4 percent), Furnishing, Households & Maintenance (3 percent), Communication (3 percent), Tobacco & Narcotics (1 percent), and Recreation & Culture (1 percent).
Actual Previous Highest Lowest Dates Unit Frequency
1.40 -0.10 3.70 -1.39 2018 - 2022 percent Monthly