Inflation in Somalia
Consumer price inflation in Somalia averaged 2.8% in the ten years to 2023, in line with the regional average of %. The 2023 average figure was 6.2%. For more information on inflation, visit our dedicated page
Somalia Inflation Chart
Note: This chart displays Inflation Rate (CPI, annual variation in %) for Somalia from 2014 to 2023.
Source: Macrobond.
Somalia Inflation Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Inflation (CPI, ann. var. %, aop) | 4.1 | 4.6 | 6.8 | 6.2 | - |
| Inflation (CPI, ann. var. %, eop) | 4.8 | 5.7 | 6.1 | 6.6 | - |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Somali inflation projections for the next ten years from a panel of 2 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable inflation forecast available for Somali inflation.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Somali inflation projections.
Want to get access to the full dataset of Somali inflation forecasts? Send an email to info@focus-economics.com.