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Somaliland - CPI Price Index - Oct 2018
This publication provides the monthly Consumer Price Indices for Somaliland (Composite) based on two markets basket of Hargeisa and for the urban households.
The current Consumer Price Index was constructed from 2012, using weights derived from the Somaliland National Household Budget Survey (SNHBS) that was conducted from 2012. During the exercise, Hargeisa was further composed into two Markets existing. In addition, the market was incorporated into the Index. The CPI is now classified using international standards, referred to as Classification of Individual Consumption According to Purpose (COICOP).
At the elementary aggregate (EA) level, the indices are computed using the Jevons (Geometric Mean) method for all items within the elementary aggregates. The modified Laspeyres index formula is used to compute higher level indices. The National CPI is computed as a weighted average of the two Market mentioned above and indices are available from the EA level.