World Video | Defence | Foreign Affairs | Natural Events | Trade | NZ in World News | NZ National News Video | NZ Regional News | Search


Inflation Up In Feb But Remain Stable In March

The country’s inflation also known as the change in the National Consumer Price Index (NCPI) has rose +0.3 percent to 112.7 in February but remained stable at 112.7 in March 2020.

That’s according to the Solomon Islands National Statistics Office (SINSO) latest NCPI statistical report.

Releasing the NCPI report this week, Government Statistician and Census Commissioner, Douglas Kimi said through the year, compared to the same respective months in 2019, the National CPI increased 8.6 percent and 7.2 percent, respectively.

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

  • Food and Non-Alcoholic Beverages: February (+0.6%), March (+0.9%).
  • Alcoholic beverages, tobacco and narcotics: February (+0.3%), March (-0.6%).
  • Housing, water, electricity, gas and other fuels: February (-0.3%), March (+0.6%).
  • Furnishings, household equipment & routine maintenance: February (0.0%), March (-0.1%).
  • Transport: February (0.0%), March (-1.5%).

“The Solomon Islands inflation rates for the months of February and March 2020 calculated on a 3 months moving average basis were +6.3 per cent, up 1.9 percentage points in February, and +7.8 per cent, up 1.5 percentage points in March 2020. The corresponding inflation rates for imported items were +1.2 per cent, and +2.2 per cent in February and March respectively, while other (domestic) items inflation rates were +8.6 per cent and +10.4 per cent for the respective months, “Mr. Kimi quoted the report.

“The Solomon Islands underlying rates of inflation based on a 3 months moving average for the month of February 2020 were observed between +1.4 per cent and +1.8 per cent while for the month of March 2020, the underlying inflation rate was recorded between +1.0 per cent and +1.6 per cent.

“The headline inflation rates for the respective provincial towns calculated on a 3 months moving average basis were: Honiara: February (+7.2%) and March (+8.9%) up +2.2 and +1.7 percentage points respectively: Auki: February (+4.7%) and March (+5.5%), rose +0.5 percentage points in February and +0.8 percentage points in March; Gizo: February (+0.5%) and March (+0.3%), rose +0.1 percentage points in February and dropped -0.2 percentage points in March; Noro: February (+2.2%) and March (+2.6%), up +0.2 and +0.4 percentage points respectively.”

Chart shows National Consumer Price Index (CPI) percentage changes by CPI towns.

© Scoop Media

World Headlines


UN News: UN Censures ‘heinous Attacks’ In Lake Chad Basin

Conflict over many years has driven hundreds of thousands of people from their homes in north-east Cameroon. UN Photo/Eskinder Debebe The Secretary-General strongly condemned “heinous attacks” against civilians in the Lake Chad Basin, a UN spokesperson ... More>>

South Africa: COVID-19 Pandemic Raises The Urgency Of Structural Reforms

South Africa responded swiftly to the COVID-19 pandemic, but the sharp drop in activity adds to long-standing challenges and raises the urgency of structural reforms, according to a new OECD report released today. In the latest Economic Survey of South Africa ... More>>

United Nations: ‘Immediate Humanitarian Assistance’ To Support Beirut

The response to Tuesday’s explosion in Beirut requires global support in order to “surmount the devastating impact” of the crisis facing the Lebanese people, the UN Deputy Special Coordinator for the country said on Thursday. More>>

UN Experts: Turkey Should Preserve Hagia Sophia As Space For Meeting Of Cultures

The Hagia Sophia in Istanbul should be maintained as an inter-cultural space reflecting the diversity and complexity of Turkey and its history, and preserving the outstanding universal value which resulted in its World Heritage Status, say two UN human rights ... More>>