January 10, 2018 By Patrick Jaiah Kamara
According to the November, 2017, Consumer Price Index (CPI) from Statistic Sierra Leone, there has been a general price hike in food and other commodities across the country.
A press release from Statistics stated that the national monthly CPI increased from 207.88% in October, 2017 to 212.46% in November, 2017, resulting in a 2.20 percent increase in inflation rate for that month which also reflected in all the regions.
Southern province tops the inflation list, moving from 2.11% to 3.42%. Western Area follows with 2.07% and Northern Region 2.11%.
Similarly, the year-on-year rate of inflation increased in Southern region from 14.57% to 14.59 %.
“The national monthly CPI increased from 207.88% in October, 2017 to 212.46% in November, 2017 resulting in a 2.20% increase in inflation rate this month. 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 said there was a general increase in the price level in all the four regions which affected most of the components in the CPI basket.
The release notes that food and non-alcoholic beverages, clothing and footwear, housing, 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 251 items. All prices collected are the prevailing retail market prices.