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Friday, July 28, 2006

Honiara Consumer Price Index for June 2006

The Solomon Islands' Statistics Office, Department of Finance and Treasury hereby releases the Honiara Consumer Price Index (CPI) for June 2006 yesterday.

The June CPI of 336.6 marks an increase of 1.8% from the May Index of 330.8. The rise was predominantly due to increases in the prices of rice, kerosene and local food, but was also offset by a slight drop in the price of betel nut.

In June, the price of a 20kg bag of rice rose on average by 8.3% to $102.93 whilst that of kerosene increased from $6.26 to $6.76 per litre. The average price of market produce also rose by 9 % mainly on account of increases in the prices of slippery cabbage which went up by 12.8% to $7.64 per kg, tomatoes (up 13.3% to $35.66 per kg) and cucumbers (up 8% to $6.53/kg). These were slightly offset by a marginal drop (0.4 cents) in the price of betel nut to result in the 1.8% rise in the index for the month.

Annual inflation, measured on a 3months moving average basis as at the end of June was 9.6% compared to 9.1% in May. The inflation rates for imported and domestically produced items were 6.0% and 10.9% respectively.

Source: Government Communication Unit

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