The annual inflation rate in Somalia rose to 6.67% in May of 2022, from 6.45% in the previous month. It was the highest inflation rate since January, amid an acceleration in prices of food & non-alcoholic beverages (14.74% vs 11.92% in April). Meawnhile inflation remained steady for transport (at 1.35%) while eased for housing and utilities (3.81% vs 4.57%). On a monthly basis, consumer prices fell by 1.47%, after increasing 2.29% in the preceding month. source: Directorate of National Statistics, Somalia

Inflation Rate in Somalia averaged 13.30 percent from 1961 until 2022, 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 - data, historical chart, forecasts and calendar of releases - was last updated on June of 2022.

Inflation Rate in Somalia is expected to be 7.00 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 is projected to trend around 4.00 percent in 2023 and 5.00 percent in 2024, according to our econometric models.

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Somalia Inflation Rate



Related Last Previous Unit Reference
Inflation Rate 6.70 6.50 percent May 2022
Inflation Rate Mom 1.50 2.30 percent May 2022
Food Inflation 14.74 11.92 percent May 2022
CPI Transportation 111.13 111.13 points May 2022
CPI Housing Utilities 121.83 121.67 points May 2022
Consumer Price Index CPI 134.85 132.90 points May 2022

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).
Actual Previous Highest Lowest Dates Unit Frequency
6.70 6.50 216.00 -15.00 1961 - 2022 percent Monthly
Dec 2014=100

News Stream
Somalia May Inflation Rate at 4-Month High
The annual inflation rate in Somalia rose to 6.67% in May of 2022, from 6.45% in the previous month. It was the highest inflation rate since January, amid an acceleration in prices of food & non-alcoholic beverages (14.74% vs 11.92% in April). Meawnhile inflation remained steady for transport (at 1.35%) while eased for housing and utilities (3.81% vs 4.57%). On a monthly basis, consumer prices fell by 1.47%, after increasing 2.29% in the preceding month.
2022-06-15
Somalia Inflation Rate Picks Up to 6.45% in April
The annual inflation rate in Somalia rose to 6.45% in April of 2022, from 6.08% in the previous month. Upward pressure came from prices of food & non-alcoholic beverages (11.92% vs 11.97% in March), mainly due to an increase in prices of some foodstuffs, of which wheat (41.67%), oil and fats (73.03%), meat (13.45%) and vegetables (17.97%), as a result of unfavorable weather conditions and droughts. Additional contributions came from prices of clothing & footwear (7.69% vs 1.53%) and housing & utilities (4.57% vs 3.66%), namely liquid fuels (44.95%) and cooking gas (11.11%). On a monthly basis, consumer prices inched up by 2.29%, after increasing 1.80% in the preceding month.
2022-05-18
Somalia Inflation Rate Eases to 6.1%
Annual inflation rate in Somalia edged down to 6.1% in March of 2022 from 6.5% in February, amid a slowdown in prices of food (12% vs 12.7% in February). Also, prices continued to fall for education (-0.6%, the same as in February), restaurants and hotels (-1.7% vs -3.4%), furnishing (-2.7%, the same as in the previous month), miscellaneous goods and services (-9.6% vs -9.1%) and tobacco and narcotics (-32.7%, the same as in February). On the other hand, the inflation accelerated for housing and utilities (3.7% vs 3.4%) and transport (3.2% vs 1.9%). Compared to the previous month, consumer prices in Somalia jumped 1.8%, the biggest increase in a year.
2022-04-15