The Consumer Price Index in Somalia increased 0.40 percent in February of 2023 over the previous month. source: Directorate of National Statistics, Somalia

Inflation Rate MoM in Somalia averaged 0.34 percent from 2018 until 2023, 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 March of 2023.

Inflation Rate MoM in Somalia is expected to be 0.20 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 0.60 percent in 2024 and 1.00 percent in 2025, according to our econometric models.

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Somalia Inflation Rate MoM

Calendar GMT Actual Previous Consensus TEForecast
2023-02-17 09:00 AM Jan -0.5% -0.5% -0.2%
2023-03-16 09:00 AM Feb 0.4% -0.5% -0.4%
2023-04-14 09:00 AM Mar 0.4% 0.2%

Related Last Previous Unit Reference
Inflation Rate 5.40 5.60 percent Feb 2023
Inflation Rate MoM 0.40 -0.50 percent Feb 2023
Food Inflation 5.40 6.70 percent Feb 2023
CPI Transportation 109.16 109.71 points Feb 2023
CPI Housing Utilities 124.43 124.46 points Feb 2023
Consumer Price Index CPI 134.54 133.99 points Feb 2023

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
0.40 -0.50 3.70 -1.40 2018 - 2023 percent Monthly