Inflation Rate in Somalia increased to 4.86 percent in October from 4.59 percent in September of 2021. source: Directorate of National Statistics, Somalia

Inflation Rate in Somalia averaged 13.79 percent from 1961 until 2021, reaching an all time high of 216 percent in December of 1990 and a record low of -15 percent in December of 2010. This page provides - Somalia Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Somalia Inflation Rate - values, historical data and charts - was last updated on November of 2021.

Inflation Rate in Somalia is expected to be 4.20 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 is projected to trend around 3.70 percent in 2022 and 3.40 percent in 2023, according to our econometric models.

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Somalia Inflation Rate

Related Last Previous Unit Reference
Inflation Rate 4.86 4.24 percent Oct/21
Inflation Rate Mom -0.23 0.73 percent Oct/21
Food Inflation 7.10 5.91 percent Oct/21
CPI Transportation 111.35 110.54 points Oct/21
CPI Housing Utilities 118.49 118.49 points Oct/21
Consumer Price Index CPI 126.46 126.17 points Oct/21
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).