THE National Consumer Price Index (CPI) has dropped 0.5 percent to 106.1 in July 2021, confirms National Statistician Douglas Kimi in a report this week.
According to a SINSO statement, the report was released on Tuesday 14th September 2021.
In the report, Mr. Kimi 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%)
- Furnishings, household equipment and routine household maintenance: (+1.2%)
- Transport: (+0.7%)
- 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%).”