REPUBLIC OF SOMALILAND MINISTRY OF PLANNING AND NATIONAL DEVELOPMENT Central Statistics Department OFFICIAL RELEASE

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1 REPUBLIC OF SOMALILAND MINISTRY OF PLANNING AND NATIONAL DEVELOPMENT Central Statistics Department OFFICIAL RELEASE Monthly Consumer Price Index April 2018

2 Methodology This publication provides the monthly Consumer Price Indices for Somaliland (Composite) and for the two baskets of Hargeisa baskets are for the urban households. The current Consumer Price Index was constructed from 2012, using weights derived from the Somaliland National Household Budget Survey (SNHBS) that was conducted from During the exercise, Hargeisa was further composed into Markets from the two that has been existing. In addition, the market was incorporated into the Index. The CPI is now classified using international standards, referred to as Classification of Individual Consumption According to Purpose (COICOP). At the elementary aggregate (EA) level, the indices are 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 Market mentioned above and indices are available from the EA level.

3 SOMALILAND CONSUMER PRICE INDEX The Central Statistics Department of the Ministry of Planning & National Development (MoNP&D), has released the Consumer Price Index (CPI) for the month of April 2018 (Base year 2012=100). Highlights of CPI, April Annual Inflation The Annual Headline Inflation for the year ending April 2018 decline at 18.3 percent compared to the 18.9 percent recorded during the year ended March The Annual Food Crops Inflation which decline to 20.4 percent for the year ending April 2018 compared to 23.0 percent recorded for the year ended March The driver of Annual Food Crops Inflation were Potatoes decline to 25.6 percent for the year ending April 2018 compared to the 34.3 percent registered during the year ended March In addition, Peas dry inflation registered a minus 3.1 percent decreased for the year ending April 2018 compared to the 3.6 percent recorded for the year ended March On the other hand, mainly due the Beans dry inflation a decline 27.4 percent for the ending year ending April 2018 compared to 32.7 percent recorded for year ended March The Annual Core Inflation also significance increase to 18.0 percent for the year ending April 2018 compared to the 17.7 percent recorded for the year ended March This was driven by the Milk, cheese and eggs inflation that registered 16.0 percent increase the ending April 2018 compared to the 4.6 percent recorded during the year ended March Similarly, Meat inflation increase to 23.9 percent for the year ending April 2018 compared to the 21.4 percent recorded for the year ended March In addition, the Annual Energy, Fuels and Utilities (EFU) Inflation decline to 18.0 percent for the year ending April 2018 compared to the 25.9 percent recorded during the year ended March The drivers were Electricity Annual inflation that decline 42.3 percent for the year ending April 2018 compared to 58.1 percent recorded for the year ended March In addition, the Solid fuels inflation that decline to 13.0 percent for the year ending April 2018 compared to 21.3 percent recorded in March Similarly, the Water supply Inflation increase by minus 2.8 percent in April 2018 compared 17.7 percent recorded in March Monthly Inflation The Monthly Headline Inflation for April 2018 increase by 0.8 percent compared 0.5 percent recorded in March Core monthly inflation that increases 1.5 percent during April 2018 compared the 0.2 percent recorded in March While the Food crop & related items Inflation decline by minus 0.1 percent in April 2018 compared minus 0.3 percent recorded in March However, the Monthly Energy Fuel & utilities Inflation decline by minus 3.3 percent for the month of April 2018 compared 0.6 percent recorded during March The detailed Monthly Inflation figures per Division are presented in below table three.

4 Graph 1: Somaliland Headline Index and Annual Inflation rates for 3 major components, April 2017 April. 2018: (2012 = 100) Annual % Infaltion Change Apr-17 Jun-17 Aug-17 Oct-17 Dec-17 Feb-18 Apr Headline Index Core Energy Fuel and Utilities Headline Inflation Rate Food Crops and Related Items Source: CPI unit/economic Section/CSD. Graph 2: Somaliland Headline Monthly Inflation rates for 3 major components, April 2018 March 2018: 12.0 Monthly % Inflation Change Jan-17 Mar-17 May-17 Jul-17 Sep-17 Nov-17 Jan-18 Mar-18 Headline inflation Rate Core Food Crops and Related Items Energy Fuel and Utilities CPI Unit/Economic Section/CSD. Graph 3: Somaliland Annual Inflation Rates Graph 3 also demonstrates that for the entire period i.e February 2014 to April 2018, the measured annual inflation rates are Increase. This is an indication of persistent increase in consumer prices within the Somaliland economy which has a negative impact on the welfare of the households more especially those with a fixed income together with those with very low income and without any savings at all. The same graph shows that food prices were instable compared to non-food prices. Food prices changed more frequently and sharply mostly due the seasonal factors.

5 Annual Inflation Rates Feb Apr Jun Aug Oct Dec Feb Apr Jun Aug Oct Dec Feb Apr Jun Aug Oct Dec Feb Apr Jun Aug Oct Dec Feb Apr Somaliland Annual Inflation Rates Period in Months All Items Food Non-Food CPI Unit/Economic Section/CSD. Note: The CPI compilation from April 2018, still the market prices scores on the high trend fluctuation of Food items. The depreciation of Somaliland shilling still the highest to the point of 10,250/= per one dollar. This depreciation of SLSH was caused by the ban of livestock export to the Arabian Gulf states and the continuation of drought for years brought economic instability. ANNEX1: Somaliland Consumer Price Index (CPI) and Inflation for Core, Food Crops, & EFU: (January 2016 April 2018). Head- Head- Food Headline Food Food GROUP Core EFU Core EFU Line Core EFU Line Crops index Crops Crops inflation inflation Weights Monthly % Change Annual % Change Calendar Years Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan

6 Feb Mar Apr May Jun July Aug Sep Oct Nov Dec Jan Feb Mar Apr Source: CPI Unit/Economic Section/Central Statistics Department. More explanatory see: Annexes

7 ANNEX 1: Somaliland Consumer Price Index (CPI) by COICOP Division: (Jan-Dec 2012 ) = 100 Div. PARTICULARS Weight Apri-17 May-17 Jun-17 Jul-17 Aug-17 Sep-17 Oct-17 Nov-17 Dec-17 Jan-18 Feb-18 Mar-18 Apr-18 Headline (all items index) 1, Food and Non-Alcoholic Beverages 02 Alcoholic Beverages, Tobacco & Narcotics 03 Clothing And Footwear Housing, Water, Electricity, Gas and other Fuels 05 Furnishings, Household Equipment and Routine Household Maintenance 06 Health Transport Communication Recreation and Culture Education Restaurants and Hotels Miscellaneous Goods and Services Source: CPI unit/economic section/central Statistics Department

8 ANNEX 2: Somaliland Consumer Price Indices and Inflation Rates for Food & Non-Food (April April 2018) = 100 GROUP Weights Apr-17 May-17 Jun-17 Jul-17 Aug-17 Sep-17 Oct-17 Nov-17 Dec-17 Jan-18 Feb-18 Mar-18 Apr-18 Headline Index Food Non - Food Monthly % Change Headline Food Non - Food Annual % Change Headline Food Non - Food Source: CPI unit/economic section/central Statistics Department.

9 Apr-18 Mar -18 Feb -18 Jan- 17 Dec-17 Nov- 17 Oct-17 Sep-17 Aug-17 Jul-17 Jun-17 May-17 Apr-17 ANNEX 3: Somaliland Monthly Inflation by COICOP Divisions (Mar 2017 Apr 2018). Div. PARTICULARS Headline Food and Non-Alcoholic Beverages Alcoholic Beverages, Tobacco & Narcotics Clothing And Footwear Housing, Water, Electricity, Gas and other Fuels 05 Furnishings, Household Equipment and Routine Household Maintenance 06 Health Transport Communication Recreation and Culture Education Restaurants and Hotels Miscellaneous Goods and Services Source: CPI unit/economic section/central Statistics Department.

10 Apr-18 Mar- 18 Feb- 18 Jan- 18 Dec- 17 Nov-17 Oct-17 Sep- 17 Aug- 17 Jul- 17 Jun-17 May-17 Apr- 17 ANNEX 4: Somaliland Annual Inflation by COICOP Divisions (April April 2018). PARTICULARS Div. PARTICULARS Headline Food and Non-Alcoholic Beverages Alcoholic Beverages, Tobacco & Narcotics Clothing and Footwear Housing, Water, Electricity, Gas and other Fuels Furnishings, Household Equipment and Routine Household Maintenance Health Transport Communication Recreation and Culture Education Restaurants and Hotels Miscellaneous Goods and 12 Services Source: CPI unit/economic section/central Statistics Department.

11 ANNEX 5: Somaliland Consumer Price Index (CPI) and Inflation for Food Crops, Other Goods, Services an Energy Fuel & Utilities: Weights Group Apr-17 May-17 Jun-17 Jul-17 Aug-17 Sep-17 Oct-17 Nov-17 Dec-17 Jan-18 Feb-18 Mar-18 Apr-18 Headline Index Food Crops and Related Items Other Goods Services Energy Fuel and Utilities Monthly % Change Headline Food Crops and Related Items Other Goods Services Energy Fuel and Utilities Annual % Change Headline Food Crops and Related Items Other Goods Services Energy Fuel and Utilities Source: CPI unit/economic section/central Statistics Department.