The All-Groups CPI was 151.39 in the month of September 2024, compared with 151.06 in the month of August 2024.
The rate of inflation for September 2024 is the percentage change in the Consumer Price Index (CPI) over the twelve-month period, from September 2023 to September 2024.
Consumer Price Index (CPI) Sept 2024 Read More »
Mogadishu, Somalia – 24th September 2024:
Press Release
The Deputy Director General of the Somali National Bureau of Statistics (SNBS) attended the official launch of the World Bank Somalia Poverty and Equity Assessment Report, a timely report that delves into poverty and inequality trends across Somalia. The event, held in collaboration with the Federal Government of Somalia, marks a significant milestone in the country’s efforts to address the pressing issue of poverty and promote equity for all its citizens.
The report, which is based on the Somalia Integrated Household Budget Survey (SIHBS) 2022, provides an in-depth analysis of the current state of poverty and inequality in Somalia. It identifies key constraints that have hindered poverty alleviation efforts while highlighting opportunities for targeted interventions that could significantly accelerate poverty reduction.
Key findings from the report emphasize the importance of improving access to basic services, enhancing livelihoods, and addressing regional disparities to create a more inclusive economic environment. The insights gained from this comprehensive assessment will serve as an essential resource for policymakers, development partners, and stakeholders committed to advancing Somalia’s social and economic well-being.
During the launch, the Deputy Director General of SNBS expressed optimism about the report’s findings and reaffirmed the government’s commitment to leveraging this data to inform policy decisions aimed at reducing poverty and inequality. “This report offers valuable insights that will enable us to make data-driven decisions in addressing the critical challenges of poverty and inequality in Somalia. We remain dedicated to working closely with our development partners, including the World Bank, to ensure that these recommendations are implemented for the benefit of all Somali citizens,” he said.
The World Bank Somalia Poverty and Equity Assessment Report is expected to play a pivotal role in guiding future strategies for poverty reduction and economic growth across Somalia.
SNBS Attends Launch of the World Bank Somalia Poverty and Equity Assessment Report Read More »
