31 Jul Consumer Prince Index (2020)
Somaliland Consumer Price Index (CPI 2020)
This publication provides monthly Consumer Price Indices of Somaliland composite which is based on two main market baskets of Hargeisa urban households that was further sampled into 110 outlets. However, the current Consumer Price Index was constructed the results of the 2012 Somaliland Household budget survey (SHS). During the exercise, markets were combined into the Index. Only the household final consumption expenditure data for the Hargeisa domain were analyzed and used to compute the Somaliland CPI weights. The CPI is now classified as an international standard, referring to: Classification of Individual Consumption According to Purpose (COICOP).
At the elementary aggregate (EA) level, the indices were computed using the Jevons (Geometric Mean) method for all items within the elementary aggregates. The modified Laspeyres index formula is used to compute higher level indices. The National CPI is computed as a weighted average of the two Markets, outlets mentioned above and indices are obtained from the elementary aggregate (EA) level.
Computation of the Monthly Inflation (M-o-M):
Monthly Inflation is calculated as the percentage change between the CPI of the current month and the CPI of the previous month.
Annual Inflation is calculated as the percentage change between CPI of the current month and the CPI of the same month but for the previous year.
Core contains goods and services, but does not include the food crop and energy. (This measure of inflation always excludes the above mentioned items which their prices are more volatile).
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