Cost of food in Somalia increased 5.50 percent in May of 2020 over the same month in the previous year.
Food Inflation in Somalia averaged 6.90 percent from 2018 until 2020, reaching an all time high of 11.03 percent in February of 2018 and a record low of 0.99 percent in March of 2019. This page provides - Somalia Food Inflation- actual values, historical data, forecast, chart, statistics, economic calendar and news. Somalia Food Inflation - values, historical data and charts - was last updated on July of 2020.
Food Inflation in Somalia is expected to be 6.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Food Inflation in Somalia to stand at 8.00 in 12 months time. In the long-term, the Somalia Food Inflation is projected to trend around 8.00 percent in 2021 and 8.50 percent in 2022, according to our econometric models.