HEADLINE CPI
The National Consumer Price Index (CPI) rose 1.6 percent to 118.9 in January 2023. Through the year, compared to the same month in 2022, the National CPI rose by 9.3 percent.
The Solomon Islands inflation rate for the month of January 2023 calculated on a 3-months moving average basis was +9.0%. The corresponding inflation rates for imported items was +9.9%, while other (domestic) items inflation rate was +8.6%.
UNDERLYING INFLATION
The Solomon Islands underlying rates of inflation based on a 3-months moving average was observed between +4.9% and +6.7%.
COMPONENT CONTRIBUTION BY CPI TOWN
The headline inflation rates for the respective provincial towns calculated on a 3-months moving average basis were: Honiara: (+9.6%); Auki: (+8.4%); Gizo: (+7.2%); and Noro: (+3.6%).
