Solomon Islands Government. Statistical Bulletin: 19 /2011. HONIARA CONSUMER PRICE INDEX (November 2011)

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1 Solomon Islands Government Statistical Bulletin: 19 /2011 HONIARA CONSUMER PRICE INDEX (November 2011) Solomon Islands National Statistics Office Ministry of Finance & Treasury PO Box G6 Honiara Enquiries: Tel: (677) 27835,

2 TABLE of CONTENTS Commentary... 3 Table 1: THE HONIARA CONSUMER PRICE INDEX BY GROUP (4th Qtr 2005 =100)... 4 Percentacge Change in the Index (a) On the same month a year ago... 4 (b) 3 months moving average on same period a year ago...4 TABLE 2: PRICE INDEX OF IMPORTED ITEMS BY GROUP (4th Qtr 2005 =100)... 5 Percentage Change in the Index (a) On the same month a year ago... 5 (b) 3 months moving average on same period a year ago...5 TABLE 3: PRICE INDEX OF OTHER ITEMS BY GROUP...6 Percentage Change in the Index (a) On the same month a year ago...6 (b) 3 months moving average on same period a year ago... 6 TABLE 4: THE HONIARA CONSUMER PRICE INDEX BY GROUP (Spliced Series)... 7 Percentage Change in the Index 12 months moving average on same period a year ago... 7 TABLE 5: COMPARATIVE PRICES OF SELECTED COMMODITIES... 8

3 Commentary The Honiara Consumers Price Index for November slightly fell by 0.4% from in october to This was largely driven by declines in the prices of locally produced food and fuel, which outweighed increases in the prices of imported canned meat and betel-nut. The domestic Food sub-index fell 2.2% due declines in the prices of second-grade-taiyo, which fell 5% to $4.83/180g can, as well as local fruit and vegetables notably.kumara, which was down 13% to $4.86/kg, green pepper 13% to $16.82/kg and slippery cabbage 6%. These had outweighed increases in the prices of some imported foods such as corned beef which rose 3%, canned mackerel (5%), cooking oil (4%) and pork luncheon meat to result in a 1.1% decline in the overall Food sub-index. Changes in other sub-indexes are as follows:- The Drinks & Tobacco sub-index rose 2.1% on account of 9% increase (from 87 to 95cents/nut) in the price of betel-nut. Housing & Utilities fell 0.2% due to a decline in the price of kerosene which was down 6.7% to $12.03/litre. Household Operations group was up 1.6% largely due to increases in the prices of imported regular household supplies such as washing powder and bleach. Transport & Communications was down 0.9% due mainly to declines in the prices of petrol and diesel. The prices of petrol and diesel fell 3% to $11.24/litre and 5% to $11.14/litre respectively. Apart from the above, price changes elsewhere in the consumption basket were negligible. Honiara Annual Inflation Rates (3 months moving average) Imported Other All Jan '10 Feb Mar Apr May June July Aug Sept Oct Nov Dec Jan '11 Feb Mar Apr May June July Aug Sept Oct Nov The overall annual inflation rate for the month of November 2011 calculated on a three months moving average basis was 10.2%, up 0.4 of a percentage point from 9.8% in October. The annual inflation rates for imported and other items were 6.9% and 12.7% respectively. 3

4 Table 1. THE HONIARA CONSUMER PRICE INDEX BY GROUP (4th Qtr 2005=100 ) Year/ Month Drinks Clothing Housing Household Transport Recreation Misce- All (%) Food & & & Operations & Commu- health & llaneous Items Change Tobacco Footwear Utilities -nications Oth. Serv. Wght March April May June July August September October November December January February March April/r May June July August September October November Percentage Change in the CPI by Group (a) on the same month a year ago 2010 June July August September October November December January February March April/r May June July August September October November (b) 3 months moving average on same period a year ago 2010 June July August September October November December January February March April/r May June July August September October November

5 Table 2. PRICE INDEX OF IMPORTED ITEMS BY GROUP (4th Qtr 2005=100) Year/ Month Drinks Clothing Housing Household Transport Recreation Misce- All (%) Food & & & Operations & Commu- health & llaneous Items Change Tobacco Footwear Utilities -nications Oth. Serv. Wght March April May June July August September October November December January February March April May June July August September October November Percentage Change in Imported Items Index by Group (a) on the same month a year ago 2010 June July August September October November December January February March April May June July August September October November (b) 3 months moving average on same period a year ago 2010 June July August September October November December January February March April May June July August September October November

6 Table 3. PRICE INDEX OF OTHER ITEMS BY GROUP (4th Qtr 2005=100) Year/ Month Drinks Clothing Housing Household Transport Recreation Misce- All (%) Food & & & Operations & Commu- health & llaneous Items Change Tobacco Footwear Utilities -nications Oth. Serv. Wght March April May June July August September October November December January February March April/r May June July August September October November Percentage Change in Other Items Index by Group (a) on the same month a year ago 2010 June July August September October November December January February March April/r May June July August September October November (b) 3 months moving average on same period a year ago 2010 June July August September October November December January February March April/ r May June July August September October November

7 Table 4. THE HONIARA CONSUMER PRICE INDEX BY GROUP ( Spliced Series) Drinks Clothing Housing Household Transport Recreation Misce- All (%) Year/Month Food & & & Operations & Commu- health & llaneous Items Change Tobacco Footwear Utilities -nications Oth. Serv. ( 4th Quarter 1992 = 100 ) 2009 March April May June July August September October November December January February March April May June July August September October November December January February March April/r May June July August September October November Percentage Change in the CPI by Group 12 months moving average on same period a year ago 2009 June July August September October November December January February March April May June July August September October November December January February March May June July August September October November

8 Table 5. COMPARATIVE PRICES OF SELECTED COMMODITIES DESCRIPTION Year Year Year Year Year Year Year Year Qtr 1 Qtr 2 Qtr 3 Qtr 4 Qtr 1 Qtr 2 Qtr3 Oct Nov FOOD RICE (Solrais: 20kg Bag) NOODLE (Maggi: 85g pkt) FLOUR (plain white flour: 25kg bag) CHICKEN WING (imported, 500g pkt) TUNA (second grade Taiyo: 180g can) KUMARA HEAPS ($/Kg) SLIPPERY CABBAGE $/Kg WHITE SUGAR (Chelsea,500grm pkt) SALT (Sky salt, 1kg, ) DRINKS & TOBACCO SOLBREW BEER (Solbrew, 355ml bottle) TWIST TOBACCO (per stick) UTILITIES WATER CHARGES (500gal) ELECTRICITY (40 units) r TRANSPORT & COMMUNICATION PETROL (cents per litre) TELEPHONE CHARGES (per call, within Honiara) MISCELLANEOUS GOODS & SERVICES BATH SOAP (Giv: 85g cake) TOOTHPASTE (Colgate: 110g) r = revised 8

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