May 25, 2021
By Ibrahim Kabba Turay
According to the April, 2021 Consumer Price Index (CPI) published by Statistic Sierra Leone, there has been a slight increase in food and Non- alcoholic beverages from 15.45 percent in March, 2021, to 15.64 percent in April, 2021.
A press release from Statistics stated that, the inflation rate increased by 0.19 percent.
Alcoholic beverage, tobacco and narcotic increased from 9.98 percent in March, 2021 to 13.80 percent in April, 2021, and the inflation rate increased by 3.82 percent points.
“The April year-on-year national inflation rate indicates a slight increase but remains at single-digit and on a downward trajectory; and is above the estimates of the Western and Eastern regions but below Southern and Northern regions,” the report states.
The release also states that health declined by 1.43 percent from 1.86 percent in March, 2021 to 3.29 percent in April, 2021, miscellaneous goods and service declined by 1.97 percent from 3.27 percent in March, 2021 to 1.30 percent in April 2021
The National Consumer Price index (CPI) is the measure of the average price level of selected goods and services in the country and the inflation rate is the percentage change between the CPIs of any two periods which could be monthly, 3 monthly or 12 monthly
The release states that statistics collected 437 items at the prevailing retail market price from six market in Freetown and three 3 market each in Bo, Kenema, Makeni, and Kono for weekly prices
Prices, according to the report, are also collected from other outlets for monthly items whose prices are less likely to fluctuate weekly.
“This reflects a slight monthly increase that is greater than the previous month, meaning that prices are increasing at a relatively higher rate,” the release said.
The release notes that food and non-alcoholic beverages, clothing and, water, electricity, gas and other fuels, health, transport, alcoholic beverages, tobacco and narcotics, furniture, household equipment and household maintenance slightly increased.
Meanwhile, the National CPI measures the change in prices, on average, from month to month, of the goods and services bought by most households, in Freetown, Bo, Kenema and Makeni. Prices were collected for 437 items. All prices collected are the prevailing retail market prices.