The annual inflation rate in Somalia increased to 6.8 percent in July 2019 from 6.6 percent in the previous month. Main upward pressure came from clothing & footwear (16.6 percent vs 10.6 percent in June), mostly garments of children (26.9 percent); health (20.1 percent vs 19 percent) and communication (2.1 percent vs 1.3 percent). On the other hand, prices slowed for food & non-alcoholic beverages (9.8 percent vs 10.6); transport (2 percent vs 3 percent); furnishings (1 percent vs 1.7 percent); restaurants & hotels (2.4 percent vs 2.6 percent); miscellaneous goods & services (2.4 percent vs 2.8 percent) and tobacco & narcotics (20.2 percent vs 26.5 percent). Meantime, cost fell for housing & utilities (-1.4 percent vs -3.4 percent) and recreation & culture (-4 percent vs -0.7 percent). On a monthly basis, consumer prices decreased 0.6 percent, following a 0.2 percent rise in the prior month. Inflation Rate in Somalia averaged 17.21 percent from 1961 until 2019, reaching an all time high of 216 percent in December of 1990 and a record low of -15 percent in December of 2010.

Inflation Rate in Somalia is expected to be 6.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Somalia to stand at 3.40 in 12 months time. In the long-term, the Somalia Inflation Rate is projected to trend around 3.20 percent in 2020, according to our econometric models.

Somalia Inflation Rate
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Somalia Prices Last Previous Highest Lowest Unit
Inflation Rate 6.80 6.60 216.00 -15.00 percent [+]
Inflation Rate Mom -0.55 0.17 3.70 -1.39 percent [+]
Food Inflation 9.77 10.56 11.03 0.99 percent [+]
Consumer Price Index Cpi 116.36 117.01 117.01 106.24 Index Points [+]
Cpi Housing Utilities 103.47 101.76 109.28 101.76 Index Points [+]
Cpi Transportation 106.96 107.94 109.79 102.11 Index Points [+]


Somalia Inflation Rate

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). This page provides - Somalia Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Somalia Inflation Rate - actual data, historical chart and calendar of releases - was last updated on August of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
6.80 6.60 216.00 -15.00 1961 - 2019 percent Monthly
Dec 2014=100




Country Last Previous
Argentina 54.40 Jul/19
Australia 1.60 Jun/19
Brazil 3.22 Jul/19
Canada 2.00 Jul/19
China 2.80 Jul/19
Euro Area 1.00 Jul/19
France 1.10 Jul/19
Germany 1.70 Jul/19
India 3.15 Jul/19
Indonesia 3.32 Jul/19
Italy 0.40 Jul/19
Japan 0.50 Jul/19
Mexico 3.78 Jul/19
Netherlands 2.50 Jul/19
Russia 4.60 Jul/19
Saudi Arabia -1.40 Jun/19
Singapore 0.40 Jul/19
South Africa 4.00 Jul/19
South Korea 0.60 Jul/19
Spain 0.50 Jul/19
Switzerland 0.30 Jul/19
Turkey 16.65 Jul/19
United Kingdom 2.10 Jul/19
United States 1.80 Jul/19


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