Somalia

Somalia Market Update: May 2021 Update (Issued June 15, 2021)

Format
Situation Report
Source
Posted
Originally published
Origin
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Highlights

Inflation: Somali Shilling (SOS)-using areas: Consumer Price Index (CPI) remained relatively stable in May 2021 across all regions of Somalia compared to April 2021.

Compared to the five-year average for May (2016-2020), CPI increased (11-28%) across all regions of Somalia due to higher prices of sorghum (the main local cereal used in the consumption basket) and increases in imported food prices this year.

Somaliland Shilling (SLS)-using areas: CPI remained relatively stable in May 2021 compared to both April 2021 and the five-year average for May (2016-2020).

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