TWO provincial towns have noted a drop in inflation in January with utilities being the main influencer to the fall.
In its latest statistical report, the Solomon Islands National Statistics Office (SINSO) revealed that Auki town in Malaita and Gizo in the Western Province are the two towns.
The main contributors to the fall in Auki and Gizo were Housing, Water, Electricity, and Gas.
The main percentage changes in the index by CPI town from the previous month include:
The Honiara CPI rose +6.2% to 114.2 in January 2020. The largest contributor to the price rise was Alcoholic Beverages, Tobacco and Narcotics +37.8% due to a short supply of betel nut as a result of bad weather. Other contributors include Food and Non-alcoholic Beverages +1.4%; Housing, water, electricity, gas and other fuels +1.2%; Health +9.6% and Transport +0.2%, offsetting Clothing and Footwear -0.4%. The rise in Health was attributed to an upward revision in private consultation fees.
The main contributor to the fall in Auki was Housing, Water, Electricity and Gas and Other Fuels -1.2% partially offsetting rises in Food and Non-alcoholic Beverages +0.1%, Furnishings, household equipment, and routine household maintenance +0.1% and Transport+0.1%.
The main driver to the fall in Gizo was Housing, Water, Electricity and Gas and Other Fuels -0.9%. This was partially offset by Food and Non-alcoholic Beverages +0.1% and transport +0.3%.
The main contributors to the movement in Noro were Food and Non-alcoholic Beverages -1.6% and Furnishings, household equipment, and routine household maintenance -0.3%. These were partially offset by Alcoholic Beverages, Tobacco and Narcotics +0.4% and Housing, water, electricity, gas and other fuels +1.5%.