THE National Consumer Price Index (CPI) dropped by 1.5 percent to 128.3 during the month of February 2025.
The Solomon Islands National Statistics office released the latest CPI bulletin on Thursday 3rd April 2025.
The reports states through the year, compared to the same month in 2024, the National CPI rose by 1.1 percent.
The most significant changes by major expenditure groups from the previous month include:
- Food and Non-Alcoholic Beverages: (+0.9%),
- Alcoholic beverages, tobacco and narcotics: (-9.3%),
- Clothing &Footwear: (+0.6%)
- Housing, water, electricity, gas & other fuels: (-0.4%)
- Furnishings, household equipment & routine household maintenance: (+1.3%)
- Transport: (+0.2%)
- Recreation & culture: (+0.6%)
- Miscellaneous goods & services: (-0.2%)
The Solomon Islands inflation rate calculated on a 3-months moving average basis was + 3.6% in February 2025. The corresponding inflation rates for imported items was +1.6% while other (domestic) items inflation rate was +4.4% for February 2025.
The Solomon Islands underlying rates of inflation based on a 3-months moving average was observed between +0.9% and +2.1% in February 2025.
The headline inflation rates for the respective provincial towns calculated on a 3-months moving average basis were: Honiara: (+3.9%); Auki: (+4.1%); Gizo: (-0.8%), and Noro: (-0.1%).
The main percentage changes in index by CPI town and expenditure group from the previous month include:
Honiara: (-1.7%)
The most significant changes in movements include:
- Food and Non-Alcoholic Beverages: (+0.6%)
- Alcoholic beverages, tobacco and narcotics: (-9.7%)
- Clothing & footwear: (+0.8%)
- Housing, water, electricity, gas and other fuels: (-0.4%)
- Furnishings, household equipment & routine household maintenance: (+1.5%)
- Transport: (+0.2%).
- Recreation & culture: (+0.7%)
- Miscellaneous goods & services: (-0.2%)
Auki: (+0.5%),
The main contributors to the movements were:
- Food and Non-Alcoholic Beverages: (+1.4%)
- Alcoholic beverages, tobacco and narcotics: (-2.3%).
- Clothing & footwear: (-0.6%)
- Housing, water, electricity, gas and other fuels: (+0.8%)
- Furnishings, household equipment & routine household maintenance: (+0.1%)
- Transport: (-1.3%).
Gizo: (+1.0%)
The main drivers to these movements were:
- Food and Non-Alcoholic Beverages: (+4.6%).
- Alcoholic beverages, tobacco and narcotics: (-8.5%).
- Clothing & footwear: (-1.4%)
- Housing, water, electricity, gas and other fuels: (+1.1%)
- Furnishings, household equipment & routine household maintenance: (+0.2%)
- Transport: (+2.3%)
Noro: (-0.2%)
The main contributors to the movements were:
- Food and Non-Alcoholic Beverages: (+0.3%)
- Alcoholic beverages, tobacco and narcotics: (-1.5%)
- Housing, water, electricity, gas and other fuels: (+0.4%)
- Miscellaneous goods & services: (-5.4%)
