CPI drops 2.4 percent in June

The country’s National Consumer Price Index (CPI) has dropped 2.4 percent to 106.6 in June 2021.

This is according to the latest Statistical bulletin released yesterday.

National statistician Douglas Kimi said through the year, compared to the same month in 2020, the National CPI dropped 0.6 percent.

He said the most significant changes by major expenditure groups from the previous month include:

– Food and Non-Alcoholic Beverages: (+0.2%),

– Alcoholic beverages, tobacco and narcotics: (-14.1%)

– Housing, water, electricity, gas and other fuels: (-0.5%)

– Furnishings, household equipment and routine household maintenance:  (-0.1%)  Health: (+0.4%)

– Transport:  (+0.3%)

– Recreation & Culture:  (+1.7%)

– Miscellaneous (+0.2%)

Mr Kimi said the Solomon Islands inflation rate for the month of June 2021 calculated on a three-months moving average basis was -1.5%.

“The corresponding inflation rates for imported items was -2.2%, while other (domestic) items inflation rate was -1.1%.

“The Solomon Islands underlying rates of inflation based on a 3-months moving average was observed between -1.7% and -0.8% for June 2021.”

He said the headline inflation rates for the respective provincial towns calculated on a three-months moving average basis were: Honiara: (-1.1%); Auki: (-0.4%); Gizo: (+2.7%); and Noro: (-6.5%).


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