Modernizing Somalia’s Consumer Price Index
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On May 4, 2025, the Somalia National Bureau of Statistics (SNBS) achieved a historic milestone by launching a modernized Consumer Price Index (CPI). This was the first nationally representative CPI. A few weeks later, on May 22nd, the Bureau released the firsModernizing Somalia’s Consumer Price Index
On May 4, 2025, the Somalia National Bureau of Statistics (SNBS) achieved a historic milestone by launching a modernized Consumer Price Index (CPI). This was the first nationally representative CPI. A few weeks later, on May 22nd, the Bureau released the first quarterly CPI report under this new framework. The report provided rich information and analysis about price dynamics across the country. This achievement represents an imperative shift from a CPI that focused only on Mogadishu (Banadir region) to a comprehensive national and state-level price monitoring system. Puntland and Somaliland previously conducted CPI separately, though with outdated methodologies. The move towards integrated national CPI will lead to enhanced data quality, transparency, and relevance in national planning and policymaking. Read more