The Consumer Price Index in Somalia increased 0.73 percent in September of 2021 over the previous month. source: Directorate of National Statistics, Somalia

Inflation Rate Mom in Somalia averaged 0.35 percent from 2018 until 2021, 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 October of 2021.

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. In the long-term, the Somalia Inflation Rate MoM is projected to trend around 1.70 percent in 2022 and 2.00 percent in 2023, according to our econometric models.

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Somalia Inflation Rate MoM

Somalia Last Unit Reference Previous Highest Lowest
Inflation Rate 4.59 percent Sep/21 4.24 216.00 -15.00
Food Inflation 6.05 percent Sep/21 5.91 11.03 -3.60
Inflation Rate Mom 0.73 percent Sep/21 -1.34 3.70 -1.39
Cpi Transportation 110.54 points Sep/21 110.54 112.00 102.11
Cpi Housing Utilities 118.49 points Sep/21 114.00 118.49 101.76
Consumer Price Index CPI 126.17 points Sep/21 125.19 126.89 106.24

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).