MOGADISHU– Somalia National Bureau of Statistics ( SNBS) has released the Consumer Price Index CPI) in the month that ended June 2023.

SNBS in its detailed report said Food and Non- Alcoholic Beverages experienced a monthly decrease of 1.52 percent during the month of
June 2023 compared with an increase of -0.31 percent in the previous month of May 2023.

According to SNBS, the downfall was due to decrease in the prices of some foodstuffs resulting in the decrease of the year-on-year inflation to 0.36 percent in June 2023 compared to the year-on-year inflation of 2.26 percent experienced in May 2023.

Over the twelve months to Jun 2023, inflation rate 4 All-Groups CPI increased to 6.64%, vis-à-vis 6.59% over the twelve months to May 2023, affecting rent, electricity, clothing,footwear, health, communication, transport. For more, visit https://t.co/QJnxoNkmth @SharmarkeFarah pic.twitter.com/MrywscOe3K

— Somali National Bureau of Statistics (@NBS_Somalia) July 15, 2023

SNBS also enumerated that Housing, Water, Electricity, and Gas registered a monthly decrease of 0.75 percent during the month
of June 2023.

The agency further delineated that Housing rent, electricity recorded an annual increase of 16.41 percent in June 2023 adding that the upward contribution came from prices on electricity, gas, and fuel (+21.55%).

Communication, Health, Transport and Clothing and Footwear also recorded an increment of 13.63 percent, 10.56 percent, 9.08 percent and 16.41 percent respectively.