“The country’s inflation better known as the change in the National Consumer Price Index (CPI) has risen +0.3 percent to 106.9 in November but remains stable at 106.9 in December 2019.

“Solomon Islands National Statistics Office (SINSO) revealed in its latest statistical report released by the Government Statistician Douglas Kimi recently.

“Through the year, compared to the same respective months in 2018, the National CPI increased 2.8 percent and 2.7 percent respectively,” Mr. Kimi said according to the report.

“The major changes in other expenditure categories from the previous month include:

  • Food and Non-Alcoholic Beverages: November (+0.4%), December (-0.7%).
  • Alcoholic beverages, tobacco, and narcotics: November (+0.8%), December (+1.0%).
  • Housing, water, electricity, gas and other fuels: November (+0.4%), December (+0.1%).
  • Transport: November (+0.3%), December (+0.1%).

“The Solomon Islands inflation rates for the months of November and December 2019 calculated on a three-month moving average basis were +2.4%, up 0.3 percentage points in November, and +2.8%, up 0.4 percentage points in December 2019.”

Copyright @ 2020, Solomon Star News.

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