June 2, 2017 By Ibrahim Tarawallie
Statistics Sierra Leone has revealed a significant increase in inflation rate in its monthly Consumer Price Index (CPI) for April.
According to a press release from the country’s statistics institution, the national monthly CPI (2008=100) increased from 196.15 per cent in March, 2017 to 197.66 per cent in April 2017, resulting in a 0.77 per cent increase in inflation rate for the month of April.
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 including all expenditure groups and both families and single persons. Prices are collected for 251 items.
The release noted that the monthly rates of inflation increased in all the regions with western area accounting for 0.85 per cent, north-0.62 per cent, south-0.95 per cent and the eastern region recording 0.57 per cent.
However, according to the release, the national annual inflation rate for April 2017 decreased slightly from 20.22 per cent in March to 19.8 per cent in April 2017.
The National Index was computed by aggregating the CPI for the four index towns previously published separately with different base periods.