The Consumer Price Index in Somalia increased 1.60 percent in May of 2020 over the previous month.

Inflation Rate Mom in Somalia averaged 0.42 percent from 2018 until 2020, 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 - values, historical data and charts - was last updated on August of 2020.

Inflation Rate Mom in Somalia is expected to be 2.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate Mom in Somalia to stand at 1.00 in 12 months time. In the long-term, the Somalia Inflation Rate MoM is projected to trend around 1.50 percent in 2021 and 2.00 percent in 2022, according to our econometric models.

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Somalia Inflation Rate MoM

Actual Previous Highest Lowest Dates Unit Frequency
1.60 2.80 3.70 -1.39 2018 - 2020 percent Monthly

Somalia Prices Last Previous Highest Lowest Unit
Inflation Rate 4.30 4.20 216.00 -15.00 percent [+]
Inflation Rate Mom 1.60 2.80 3.70 -1.39 percent [+]
Food Inflation 5.50 8.10 11.03 0.99 percent [+]
Consumer Price Index CPI 121.76 119.80 121.76 106.24 points [+]
Cpi Housing Utilities 104.75 103.88 109.28 101.76 points [+]
Cpi Transportation 110.83 110.83 110.83 102.11 points [+]

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).