FTL Somalia

Somalia National Bureau of Statistics Releases CPI for December 2024

The Somalia National Bureau of Statistics has reported key changes in the Consumer Price Index (CPI) for December 2024:

1. Overall CPI Increase:

The All-Groups CPI rose by 5.57% over the twelve months leading to December 2024, up from 5.20% in November 2024.

2. Food and Non-Alcoholic Beverages:

Monthly Decrease: Prices fell by 1.00% in December.

Year-on-Year Deflation: Prices declined by 1.49%, marking an improvement from the 2.72% deflation recorded in November 2024.

3. Housing, Water, Electricity, and Gas:

Monthly Increase: Prices rose by 0.31% in December.

Year-on-Year Inflation: Prices increased by 0.70%, reversing the 0.39% decrease observed in November 2024.

These figures, released on Friday, indicate a mixed inflationary environment, with improvements in food prices but rising costs in essential utilities.