Monthly Bulletin for Consumer Price Index and Inflation in Syria – January 2024
5 minute read
Home / Publications / Bulletins / Monthly Bulletin for Consumer Price Index and Inflation in Syria – January 2024
Syrian Center for Policy Research:
The bulletin provides an independent assessment of consumer prices and the rate of inflation in all Syrian regions, based on a monthly survey of consumer prices carried out by the Syrian Center for Policy Research (SCPR) since October 2020. The SCPR had developed a methodology for building a price index based on components of consumer basket, weighting, and market selection (See SCPR’s Consumer Price Index in Syria)
This bulletin presents the findings of the monthly consumer price survey and the changes in the Consumer Price Index (CPI) for January 2024 (with 2021 as the base year) broken down by region and the major consumption groups. Based on the CPI changes, the bulletin provides an estimate of the cost of living and poverty lines at the local level in all Syrian regions.
The following results are highlighted:
- In January 2024, the general CPI achieved an annual inflation (Y-o-Y) of 134.3 per cent and monthly inflation (M-o-M) of 6 per cent.
- In January 2024, Al-Hasakeh Governorate recorded the highest monthly inflation rate (M-o-M), at 22.6 per cent, followed by Ar-Raqqa at 10.2 per cent, then Aleppo at 9.8 per cent, while Dara’a recorded the lowest monthly inflation rate at 2.2 per cent, followed by Idleb at 2.4 per cent.
- In January 2024, the Housing, water, electricity, gas, and other fuel oils group contributed significantly to the monthly inflation (M-o-M) with 6 per cent, making up 49.9 per cent of the total, followed by the group of Food and non-alcoholic beverages with a contribution of 31.1 per cent, trailed by the Transportation group at 7 per cent.
- The inflation that occurred in January 2024 led to a decrease in the real wages of workers in the public sector in the GoS areas by 5.6 per cent compared to December 2023. Inflation also led to a decrease in the real wages of employees in the institutions of the Autonomous administration by 12.2 per cent, the real wages of employees in the institutions of the SIG & SSG areas increased by 42.2 per cent, with the SIG government raising the wages of workers in its institutions by 45 per cent during January 2024.
- In January 2024, the abject poverty line for families, serving as an indicator of food insecurity, rose to SYP 2.45 million per month, marking an increase of SYP 126 thousand and from December 2023. The lower poverty line increased by SYP 157 thousand from the previous month to reach 3.8 million, while the upper poverty line saw an SYP 274 thousand increase, reaching 5.3 million.
- In January 2024, the wage gap from the upper poverty line reached 76.2 per cent for university-educated employees in the public sector, 65 per cent for private sector workers, and 2.6 per cent for civil society workers. In all three instances.
Bulletins – Issue 1, January 2024
Monthly Bulletin for Consumer Price Index and Inflation in Syria
Click here to download the full bulletin:
Bulletins – Issue 1, January 2023
Monthly Bulletin for Consumer Price Index and Inflation in Syria
5 minute read
Download in English
Download in Arabic
Syrian Center for Policy Research:
The bulletin provides an independent assessment of consumer prices and the rate of inflation in all Syrian regions, based on a monthly survey of consumer prices carried out by the Syrian Center for Policy Research (SCPR) since October 2020. The SCPR had developed a methodology for building a price index based on components of consumer basket, weighting, and market selection (See SCPR’s Consumer Price Index in Syria)
This bulletin presents the findings of the monthly consumer price survey and the changes in the Consumer Price Index (CPI) for January 2024 (with 2021 as the base year) broken down by region and the major consumption groups. Based on the CPI changes, the bulletin provides an estimate of the cost of living and poverty lines at the local level in all Syrian regions.
The following results are highlighted:
- In January 2024, the general CPI achieved an annual inflation (Y-o-Y) of 134.3 per cent and monthly inflation (M-o-M) of 6 per cent.
- In January 2024, Al-Hasakeh Governorate recorded the highest monthly inflation rate (M-o-M), at 22.6 per cent, followed by Ar-Raqqa at 10.2 per cent, then Aleppo at 9.8 per cent, while Dara’a recorded the lowest monthly inflation rate at 2.2 per cent, followed by Idleb at 2.4 per cent.
- In January 2024, the Housing, water, electricity, gas, and other fuel oils group contributed significantly to the monthly inflation (M-o-M) with 6 per cent, making up 49.9 per cent of the total, followed by the group of Food and non-alcoholic beverages with a contribution of 31.1 per cent, trailed by the Transportation group at 7 per cent.
- The inflation that occurred in January 2024 led to a decrease in the real wages of workers in the public sector in the GoS areas by 5.6 per cent compared to December 2023. Inflation also led to a decrease in the real wages of employees in the institutions of the Autonomous administration by 12.2 per cent, the real wages of employees in the institutions of the SIG & SSG areas increased by 42.2 per cent, with the SIG government raising the wages of workers in its institutions by 45 per cent during January 2024.
- In January 2024, the abject poverty line for families, serving as an indicator of food insecurity, rose to SYP 2.45 million per month, marking an increase of SYP 126 thousand and from December 2023. The lower poverty line increased by SYP 157 thousand from the previous month to reach 3.8 million, while the upper poverty line saw an SYP 274 thousand increase, reaching 5.3 million.
- In January 2024, the wage gap from the upper poverty line reached 76.2 per cent for university-educated employees in the public sector, 65 per cent for private sector workers, and 2.6 per cent for civil society workers. In all three instances.
