Consumer Price Index rises 0.03 percent in March

• Food and Non-Alcoholic Beverages: (+1.7%)
• Alcoholic beverages, tobacco and narcotics: (-7.9%)
• Housing, water, electricity, gas & other fuels: (-0.3%)
• Furnishings, household equipment & routine household maintenance: (+0.6%)
• Health: (-1.0%)
• Transport: (+4.5%)
• Miscellaneous good & services: (+0.1)

Mr Kimi said the Solomon Islands inflation rate for the month of March 2022 calculated on a 3-months moving average basis was -0.6%.

“The corresponding inflation rates for imported items was +6.0%, while other (domestic) items inflation rate was -3.2%.

“The Solomon Islands underlying rates of inflation based on a 3-months moving average was observed between +2.5% and +2.8% for March 2022.”

The headline inflation rates for the respective provincial towns calculated on a 3-months moving average basis were:

Honiara: (-0.8%); Auki: (+1.7%); Gizo: (+7.1%); and Noro: (-2.6%).

The main percentage changes in index by CPI town and expenditure group from the previous month include:

Honiara: (+0.1%)

The most significant changes in movements include:

• Food and Non-Alcoholic Beverages: (+1.4%)
• Alcoholic beverages, tobacco and narcotics: (-7.1%)
• Housing, water, electricity, gas and other fuels: (-1.0%)
• Furnishings, household equipment & routine household maintenance: (+0.6%)
• Health: (-1.1%)
• Transport: (+5.1%)
• Miscellaneous goods & services: (-0.1%)

Auki: (+1.5%)

The main contributors to the movements were:

• Food and Non-Alcoholic Beverages: (+3.5%)
• Alcoholic beverages, tobacco and narcotics: (-0.1%)
• Housing, water, electricity, gas and other fuels: (-0.2%)
• Furnishings, household equipment and routine household maintenance: (+1.9%)
• Restaurants & hotels: (+6.1%)

Gizo: (+1.9%)

The main drivers to this movements were:

• Food and Non-Alcoholic Beverages: (+5.4%)
• Alcoholic beverages, tobacco and narcotics: (-1.0%)
• Clothing & Footwear: (-0.5%)
• Housing, water, electricity, gas and other fuels: (+0.5%)
• Furnishings, household equipment and routine household maintenance: (+0.1%)
• Transport: (-2.5%)
• Miscellaneous goods & services: (+1.1%)

Noro: (0.7%)

The main contributors to the movements were:

• Food and Non-Alcoholic Beverages: (+4.7%)
• Alcoholic beverages, tobacco and narcotics: (-0.1%)
• Housing, water, electricity, gas and other fuels: (-0.3%)
• Furnishings, household equipment and routine household maintenance: (-0.2%)
• Restaurants & Hotels: (+7.7%)
• Miscellaneous goods & services: (-0.4%)

-SINSO Press