CPI declines by 0.5 percent in July

Apr 24, 2023 | Consumer Price Index

The National Consumer Price Index (CPI) has dropped 0.5 percent to 106.1 in July 2021.
The Government Statistician Mr Douglas Kimi released the report on Tuesday 14th September 2021.
He said, through the year, compared to the same month in 2020, the National CPI rose 0.3 percent.
He said the most significant changes by major expenditure groups from the previous month include.
Food and Non-Alcoholic Beverages:(-0.1%)
Alcoholic beverages, tobacco and narcotics:(-4.4%)
Housing,water,electricity,gas and other fuels:(+0.8%)
Furnishing, household equipment and routine household maintance:(+1.2%)
Recreation & Culture:(-0.3%)
”The Solomon Islands inflation rate for the month of July 2021 calculated on a 3 months moving
average basis was -0.7%” Mr Kimi said.

“The Corresponding inflation rates for imported items was -1.3%, while other (domestic) items inflation rate was -0.4%.
”The Solomon Islands underlying rates of inflation based on a 3 months moving average was observed between -1.6%
and 0.6% for July 2021.” The headline inflation rates for the respective provincial towns calculated on a 3-months moving average basis were: Honiara(-0.2%); Auki:(-0.3%);Gizo:(+2.8%);and Noro:(-6.0%).”

 Media notes

  • Please ensure when reporting on data that you attribute the Solomon Islands National Statistics Office Honiara Consumer Price Index (July, 2021) as the source.
  •  For media requests and interviews, contact Senior Statistician Ms Anna Luvu or Statistician Mr Reginald Mara on +677 25451/+677 21427 or email sinso@mof.gov.sb