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CPI drops 0.5 p.c in Feb 2022 – Solomon Star Information


THE National Consumer Price Index (CPI) dropped 0.5 p.c to 107.5 in February 2022.

Government Statistician Douglas Kimi launched the report on Tuesday 26th April 2022.

Mr Kimi mentioned via the yr, in comparison with the identical month in 2021, the National CPI declined by 2.8 p.c.

He mentioned essentially the most vital modifications by main expenditure teams from the earlier month embody:

  • Food and Non-Alcoholic Beverages: (+0.2%),
  • · Alcoholic drinks, tobacco and narcotics: (-3.3%),
  • · Furnishings, family tools & routine family upkeep: (-0.2%)
  • · Miscellaneous good & companies: (+0.1)

At the identical time, the Solomon Islands inflation price for the month of January 2022 calculated on a 3-months shifting common foundation was +0.6%.

“The corresponding inflation rates for imported items was +5.1%, while other (domestic) items inflation rate was -1.2%,” Mr Kimi mentioned.

“The Solomon Islands underlying charges of inflation based mostly on a 3-months shifting common was noticed between +1.8% and +1.9% for January 2022.

“The headline inflation rates for the respective provincial towns calculated on a 3-months moving average basis were: Honiara: (+1.6%); Auki: (+1.2%); Gizo: (+7.6%); and Noro: (-2.0%).”

The predominant share modifications in index by CPI city and expenditure group from the earlier month embody:

Honiara: (+1.0%)

  • Alcoholic drinks, tobacco and narcotics: (+2.0%)
  • · Clothing & Footwear: (+1.3%)
  •  · Furnishings, family tools & routine family upkeep: (-0.4%)
  • · Transport: (+4.1%)
  • · Education: (+6.2%)
  • · Miscellaneous items & companies: (-0.5%)

Auki: (+0.4%)
The predominant contributors to the actions had been:

  • Food and Non-Alcoholic Beverages: (+0.5%)
  • · Alcoholic drinks, tobacco and narcotics: (-1.4%)
  • · Housing, water, electrical energy, fuel and different fuels: (+1.9%)
  • · Furnishings, family tools and routine family upkeep: (-0.1%)

Gizo: (+1.4%)
The predominant drivers to this actions had been:

  • Food and Non-Alcoholic Beverages: (0.6%)
  • · Alcoholic drinks, tobacco and narcotics: (+0.9%)
  • · Clothing & Footwear: (-0.4%)
  • · Housing, water, electrical energy, fuel and different fuels: (-0.2%)
  • · Furnishings, family tools and routine family upkeep: (-0.6%)
  • · Transport: (+8.4%)
  • · Miscellaneous items & companies: (+2.6%) 

Noro: (-2.0%)
The predominant contributors to the actions had been:

  • Food and Non-Alcoholic Beverages: (+0.4%)
  • · Alcoholic drinks, tobacco and narcotics: (+0.7%)
  • · Housing, water, electrical energy, fuel and different fuels: (+0.5%)
  • · Furnishings, family tools and routine family upkeep: (+0.5%)
  • · Transport: (+0.2%)
  • · Restaurants & Hotels: (-1.6%)
Solomon Islands Annual Inflation Rate
Solomon Islands Annual Headline and Underlying Inflation Rates
All Groups Percentage Changes by CPI Towns



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