The Consumer Price Index in Somalia decreased 0.60 percent in October of 2022 over the previous month. source: Directorate of National Statistics, Somalia

Inflation Rate MoM in Somalia averaged 0.38 percent from 2018 until 2022, reaching an all time high of 3.70 percent in April of 2019 and a record low of -1.40 percent in August of 2022. 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 December of 2022.

Inflation Rate MoM in Somalia is expected to be 1.40 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

Calendar GMT Actual Previous Consensus TEForecast
2022-10-18 09:00 AM Sep 0.4% -1.4% -0.8%
2022-11-16 09:00 AM Oct -0.6% 0.4% -0.2%
2022-12-15 09:00 AM Nov

Related Last Previous Unit Reference
Inflation Rate 6.90 7.20 percent Oct 2022
Consumer Price Index CPI 135.20 135.28 points Oct 2022
Inflation Rate MoM -0.60 0.40 percent Oct 2022
Food Inflation 15.04 16.10 percent Oct 2022
CPI Transportation 109.72 109.72 points Oct 2022
CPI Housing Utilities 122.28 122.28 points Oct 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
-0.60 0.40 3.70 -1.40 2018 - 2022 percent Monthly